Our pivot point stands at 1.9824.
Our preference: as long as 1.9824 is support look for 2.0111.
Alternative scenario: the downside breakout of 1.9824 would call for 1.9717 and 1.9653.
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 above its 20 and 50 period moving average (respectively at 1.9910 and 1.9882).
Supports and resistances:
2.0175 *
2.0111 **
2.0047
1.9911 last
1.9824 **
1.9717 *
1.9653 **
Head of Research at TRADING CENTRAL: Rémy GAUSSENS
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Written on 05-05-2026 at 06:14 UTC+1
Price reference: 1.9911 last known on 05-05-2026 at 06:14 UTC+1
Investment horizon: INTRADAY
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