Our pivot point is at 1.8659.
Our preference: under pressure below 1.8659.
Alternative scenario: the upside breakout of 1.8659, would call for 1.8708 and 1.8737.
Comment: the RSI is below its neutrality area at 50. The MACD is positive and below its signal line. The MACD must penetrate its zero line to expect further downside. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 1.8629 and 1.8621).
Supports and resistances:
1.8737 **
1.8708 *
1.8659 **
1.8639
1.8619 last
1.8560
1.8531 **
1.8501 *
1.8472 **
Head of Research at TRADING CENTRAL: Rémy GAUSSENS
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Written on 05-30-2025 at 06:04 UTC+1
Price reference: 1.8619 last known on 05-30-2025 at 06:04 UTC+1
Investment horizon: INTRADAY
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