Our pivot point is at 1.3022.
Our preference: under pressure below 1.3022
Alternative scenario: above 1.3022, look for 1.3065 and 1.3090.
Comment: the RSI is below its neutrality area at 50. The MACD is below its signal line and positive. The MACD must penetrate its zero line to expect further downside. Moreover, the price stands below its 20 and 50 period moving average (respectively at 1.2982 and 1.2984).
Supports and resistances:
1.3090 **
1.3065 *
1.3022 **
1.3005
1.2970 last
1.2919
1.2894 **
1.2868 *
1.2843 **
Head of Research at TRADING CENTRAL: Rémy GAUSSENS
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Written on 03-18-2025 at 17:13 UTC+1
Price reference: 1.2970 last known on 03-18-2025 at 17:13 UTC+1
Investment horizon: INTRADAY
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