Our pivot point is at 1.6325.
Our preference: The downside prevails as long as 1.6325 is resistance, with 1.6255 and 1.6237 as targets
Alternative scenario: above 1.6325, look for 1.6356 and 1.6374.
Comment: the RSI is below its neutrality area at 50. The MACD is below its signal line and negative. The configuration is negative. The price stands below its 20 and 50 period moving average (respectively at 1.6298 and 1.6309).
Supports and resistances:
1.6374 **
1.6356 *
1.6325 **
1.6292 last
1.6255
1.6237 **
1.6218 *
Head of Research at TRADING CENTRAL: Rémy GAUSSENS
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Written on 07-23-2026 at 13:33 UTC+1
Price reference: 1.6292 last known on 07-23-2026 at 13:33 UTC+1
Investment horizon: INTRADAY
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