Our pivot point is at 1.5986.
Our preference: The downside prevails as long as 1.5986 is resistance, with 1.5900 and 1.5877 as targets
Alternative scenario: above 1.5986, look for 1.6024 and 1.6047.
Comment: As prices close in on our first target, this level may spark a pullback. However, a definitive break below it could pave the way for a deeper decline.
Supports and resistances:
1.6047 **
1.6024 *
1.5986 **
1.5907 last
1.5900
1.5877 **
1.5855 *
Head of Research at TRADING CENTRAL: Rémy GAUSSENS
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Written on 10-23-2026 at 21:35 UTC+1
Price reference: 1.5907 last known on 10-23-2026 at 21:35 UTC+1
Investment horizon: INTRADAY
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