Our pivot point is at 1.1287.
Our preference: look for a drop towards 1.1287 before a bounce
Alternative scenario: below 1.1287, expect 1.1256 and 1.1238.
Comment: the RSI is above its neutrality area at 50. The MACD is below its signal line and negative. The penetration of 50 on the RSI should trigger further losses. Moreover, the price is below its 20 period moving average (1.1339) but above its 50 period moving average (1.1304).
Supports and resistances:
1.1428 **
1.1409 *
1.1391 **
1.1373
1.1331 last
1.1299
1.1287 **
1.1256 *
1.1238 **
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 04-11-2025 at 21:58 UTC+1
Price reference: 1.1331 last known on 04-11-2025 at 21:58 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