Pivot: 1.2465
Our preference: long positions above 1.2465 with targets at 1.2525 & 1.2550 in extension.
Alternative scenario: below 1.2465 look for further downside with 1.2440 & 1.2420 as targets.
Comment: the RSI lacks downward momentum.
Supports and resistances:
1.2580
1.2550
1.2525
1.2487 Last
1.2465
1.2440
1.2420
Head of Research at TRADING CENTRAL: Rémy GAUSSENS
TRADING CENTRAL is governed by the Code of Conduct of ANACOFI-CIF, an association approved by the Autorité des Marchés Financiers and registered with ORIAS under number 17005458.
Written on 04-05-2023 at 11:05 UTC+1
Price reference: 1.2487 last known on 04-05-2023 at 11:05 UTC+1
Investment horizon: INTRADAY