Our pivot point is at 1.6389.
Our preference: The downside prevails as long as 1.6389 is resistance, with 1.6311 and 1.6290 as targets
Alternative scenario: above 1.6389, look for 1.6425 and 1.6446.
Comment: the RSI is below its neutrality area at 50. The MACD is below its signal line and negative. The configuration is negative. The price stands below its 20 and 50 period moving average (respectively at 1.6369 and 1.6381).
Supports and resistances:
1.6446 **
1.6425 *
1.6389 **
1.6353 last
1.6311
1.6290 **
1.6268 *
Head of Research at TRADING CENTRAL: Rémy GAUSSENS
TRADING CENTRAL is governed by the Code of Conduct of ANACOFI-CIF, an association approved by the Autorité des Marchés Financiers and registered with ORIAS under number 17005458.
Written on 08-07-2026 at 21:35 UTC+1
Price reference: 1.6353 last known on 08-07-2026 at 21:35 UTC+1
Investment horizon: INTRADAY
TRADING CENTRAL recommends reading the legal and regulatory information as well as the warnings concerning the information provided accessible from the following link : https://global.tradingcentral.com/www/pdf/terms_of_use_web_sites_en.pdf