Our pivot point is at 1.2006.
Our preference: The downside prevails as long as 1.2006 is resistance, with 1.1947 and 1.1932 as targets
Alternative scenario: above 1.2006, look for 1.2032 and 1.2047.
Comment: the RSI is below its neutrality area at 50. The price is below its 20 period moving average (1.1991) but above its 50 period moving average (1.1986).
Supports and resistances:
1.2047 **
1.2032 *
1.2006 **
1.1989 last
1.1947
1.1932 **
1.1916 *
Head of Research at TRADING CENTRAL: Rémy GAUSSENS
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Written on 08-07-2026 at 21:20 UTC+1
Price reference: 1.1989 last known on 08-07-2026 at 21:20 UTC+1
Investment horizon: INTRADAY
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