Our pivot point is at 1.1586.
Our preference: The upside prevails as long as 1.1586 is support, with 1.1641 and 1.1655 as targets
Alternative scenario: below 1.1586, expect 1.1563 and 1.1550.
Comment: the RSI is above 70. It could mean either that the price is in a lasting uptrend or just overbought and therefore bound to correct (look for bearish divergence in this case). The MACD is above its signal line and positive. The price is above its 20 and 50 period moving average (respectively at 1.1596 and 1.1589).
Supports and resistances:
1.1668 *
1.1655 **
1.1641
1.1609 last
1.1586 **
1.1563 *
1.1550 **
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 09-03-2026 at 11:00 UTC+1
Price reference: 1.1609 last known on 09-03-2026 at 11:00 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