Our pivot point is at 1.2486.
Our preference: as long as 1.2486 is support look for 1.2592.
Alternative scenario: the downside breakout of 1.2486 would call for 1.2448 and 1.2425.
Comment: the RSI is above its neutrality area at 50. The MACD is positive and below its signal line. The pair could retrace. Moreover, the pair is trading under its 20 period moving average (1.2520) but above its 50 period moving average (1.2495).
Supports and resistances:
1.2638 **
1.2615 *
1.2592 **
1.2569
1.2516 last
1.2501
1.2486 **
1.2448 *
1.2425 **
Head of Research at TRADING CENTRAL: Rémy GAUSSENS
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Written on 02-05-2025 at 17:52 UTC+1
Price reference: 1.2516 last known on 02-05-2025 at 17:52 UTC+1
Investment horizon: INTRADAY
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