Our pivot point is at 1.2986.
Our preference: the downside prevails as long as 1.2986 is resistance
Alternative scenario: above 1.2986, look for 1.3028 and 1.3054.
Comment: the RSI is below 30. It could either mean that the price is in a lasting downtrend or just oversold and therefore bound to retrace (look for bullish divergence in this case). The MACD is below its signal line and negative. The configuration is negative. Moreover, the price stands below its 20 and 50 period moving average (respectively at 1.3006 and 1.3062).
Supports and resistances:
1.3054 **
1.3028 *
1.2986 **
1.2969
1.2927 last
1.2876
1.2851 **
1.2826 *
1.2801 **
Head of Research at TRADING CENTRAL: Rémy GAUSSENS
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Written on 04-04-2025 at 17:43 UTC+1
Price reference: 1.2927 last known on 04-04-2025 at 17:43 UTC+1
Investment horizon: INTRADAY
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