Our pivot point is at 1.2939.
Our preference: look for a drop towards 1.2939 before a bounce
Alternative scenario: below 1.2939, expect 1.2896 and 1.2871.
Comment: the RSI is above its neutrality area at 50. The MACD is below its signal line and negative. The penetration of 50 on the RSI should trigger further losses. Moreover, the price is above its 20 and 50 period moving average (respectively at 1.2981 and 1.2983).
Supports and resistances:
1.3118 **
1.3093 *
1.3068 **
1.3042
1.2985 last
1.2956
1.2939 **
1.2896 *
1.2871 **
Head of Research at TRADING CENTRAL: Rémy GAUSSENS
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Written on 03-18-2025 at 21:03 UTC+1
Price reference: 1.2985 last known on 03-18-2025 at 21:03 UTC+1
Investment horizon: INTRADAY
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