Our pivot point stands at 0.8617.
Our preference: as long as 0.8617 is support look for 0.8683.
Alternative scenario: the downside breakout of 0.8617 would call for 0.8593 and 0.8578.
Comment: the RSI is above its neutrality area at 50. The MACD is below its signal line and positive. The pair could retrace. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 0.8638 and 0.8636).
Supports and resistances:
0.8698 *
0.8683 **
0.8669
0.8638 last
0.8617 **
0.8593 *
0.8578 **
Head of Research at TRADING CENTRAL: Rémy GAUSSENS
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Written on 05-05-2026 at 06:13 UTC+1
Price reference: 0.8638 last known on 05-05-2026 at 06:13 UTC+1
Investment horizon: INTRADAY
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