Our pivot point is at 1.6434.
Our preference: The downside prevails as long as 1.6434 is resistance, with 1.6352 and 1.6330 as targets
Alternative scenario: above 1.6434, look for 1.6470 and 1.6491.
Comment: The instrument is trading sideways as the market builds energy ahead of a potential directional shift.
Supports and resistances:
1.6491 **
1.6470 *
1.6434 **
1.6386 last
1.6352
1.6330 **
1.6309 *
Head of Research at TRADING CENTRAL: Rémy GAUSSENS
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Written on 08-05-2026 at 13:22 UTC+1
Price reference: 1.6386 last known on 08-05-2026 at 13:22 UTC+1
Investment horizon: INTRADAY
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