Our pivot point is at 1.0744.
Our preference: our next up target stands at 1.0816
Alternative scenario: below 1.0744, expect 1.0720 and 1.0705.
Comment: the RSI is above its neutrality area at 50. The MACD is above its signal line and negative. The MACD must break above its zero level to trigger further gains. Moreover, the price is above its 20 and 50 period moving average (respectively at 1.0769 and 1.0769).
Supports and resistances:
1.0844 **
1.0830 *
1.0816 **
1.0801
1.0772 last
1.0753
1.0744 **
1.0720 *
1.0705 **
Head of Research at TRADING CENTRAL: Rémy GAUSSENS
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Written on 09-03-2025 at 10:45 UTC+1
Price reference: 1.0772 last known on 09-03-2025 at 10:45 UTC+1
Investment horizon: INTRADAY
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