Our pivot point is at 1.2870.
Our preference: as long as 1.2870 is support look for 1.2995
Alternative scenario: below 1.2870, expect 1.2827 and 1.2802.
Comment: the RSI is above its neutrality area at 50. The MACD is below its signal line and positive. The price could retrace. Moreover, the price is above its 20 and 50 period moving average (respectively at 1.2908 and 1.2895).
Supports and resistances:
1.3045 **
1.3020 *
1.2995 **
1.2969
1.2919 last
1.2886
1.2870 **
1.2827 *
1.2802 **
Head of Research at TRADING CENTRAL: Rémy GAUSSENS
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Written on 03-07-2025 at 19:38 UTC+1
Price reference: 1.2919 last known on 03-07-2025 at 19:38 UTC+1
Investment horizon: INTRADAY
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