Our pivot point stands at 1.2356.
Our preference: the downside prevails as long as 1.2356 is resistance.
Alternative scenario: the upside breakout of 1.2356, would call for 1.2400 and 1.2425.
Comment: the RSI is below 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 1.2326 and 1.2328).
Supports and resistances:
1.2425 **
1.2400 *
1.2356 **
1.2339
1.2309 last
1.2257
1.2232 **
1.2206 *
1.2180 **
Head of Research at TRADING CENTRAL: Rémy GAUSSENS
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Written on 03-29-2023 at 20:38 UTC+1
Price reference: 1.2309 last known on 03-29-2023 at 20:38 UTC+1
Investment horizon: INTRADAY
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