Our pivot point stands at 1.2272.
Our preference: rebound towards 1.2363.
Alternative scenario: the downside breakout of 1.2272 would call for 1.2237 and 1.2216.
Comment: the RSI is below 50. The MACD is above its signal line and negative. The configuration is mixed. Moreover, the price is trading above its 20 period moving average (1.2296) but under its 50 period moving average (1.2325).
Supports and resistances:
1.2405 **
1.2384 *
1.2363 **
1.2343
1.2300 last
1.2286
1.2272 **
1.2237 *
1.2216 **
Head of Research at TRADING CENTRAL: Rémy GAUSSENS
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Written on 01-09-2025 at 19:14 UTC+1
Price reference: 1.2300 last known on 01-09-2025 at 19:14 UTC+1
Investment horizon: INTRADAY
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