Our pivot point is at 1.2116.
Our preference: as long as 1.2116 is resistance look for 1.2032
Alternative scenario: above 1.2116, look for 1.2147 and 1.2166.
Comment: the RSI is below its neutrality area at 50. The MACD is above its signal line and positive. The break above the 50 area on the RSI should trigger further gains. Moreover, the price stands below its 20 and 50 period moving average (respectively at 1.2089 and 1.2090).
Supports and resistances:
1.2166 **
1.2147 *
1.2116 **
1.2088 last
1.2050
1.2032 **
1.2014 *
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 04-13-2026 at 21:23 UTC+1
Price reference: 1.2088 last known on 04-13-2026 at 21:23 UTC+1
Investment horizon: INTRADAY
TRADING CENTRAL recommends reading the legal and regulatory information as well as the warnings concerning the information provided accessible from the following link : https://global.tradingcentral.com/www/pdf/terms_of_use_web_sites_en.pdf