Our pivot point is at 1.2951.
Our preference: as long as 1.2951 is resistance look for 1.2830
Alternative scenario: above 1.2951, look for 1.2994 and 1.3019.
Comment: the RSI is below its neutrality area at 50. The MACD is above its signal line and positive. The break above the 50 area on the RSI should trigger further gains. Moreover, the price stands above its 20 period moving average (1.2914) but below its 50 period moving average (1.2917).
Supports and resistances:
1.3019 **
1.2994 *
1.2951 **
1.2934
1.2915 last
1.2855
1.2830 **
1.2805 *
1.2780 **
Head of Research at TRADING CENTRAL: Rémy GAUSSENS
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Written on 03-10-2025 at 20:30 UTC+1
Price reference: 1.2915 last known on 03-10-2025 at 20:30 UTC+1
Investment horizon: INTRADAY
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