Our pivot point stands at 1.2361.
Our preference: the upside prevails as long as 1.2361 is support.
Alternative scenario: below 1.2361, expect 1.2321 and 1.2297.
Comment: the RSI is above its neutrality area at 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 1.2372 and 1.2332).
Supports and resistances:
1.2523 **
1.2499 *
1.2475 **
1.2452
1.2404 last
1.2377
1.2361 **
1.2321 *
1.2297 **
Head of Research at TRADING CENTRAL: Rémy GAUSSENS
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Written on 02-03-2025 at 21:26 UTC+1
Price reference: 1.2404 last known on 02-03-2025 at 21:26 UTC+1
Investment horizon: INTRADAY
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