Our pivot point stands at 1.7612.
Our preference: as long as 1.7612 is support look for 1.7760.
Alternative scenario: the downside breakout of 1.7612 would call for 1.7559 and 1.7528.
Comment: the RSI is above its neutrality area at 50. The MACD is positive and below its signal line. The pair could retrace. Moreover, the price is above its 20 and 50 period moving average (respectively at 1.7648 and 1.7593).
Supports and resistances:
1.7823 **
1.7792 *
1.7760 **
1.7728
1.7657 last
1.7633
1.7612 **
1.7559 *
1.7528 **
Head of Research at TRADING CENTRAL: Rémy GAUSSENS
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Written on 05-30-2025 at 06:26 UTC+1
Price reference: 1.7657 last known on 05-30-2025 at 06:26 UTC+1
Investment horizon: INTRADAY
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