Our pivot point is at 1.6365.
Our preference: The upside prevails as long as 1.6365 is support, with 1.6432 and 1.6446 as targets
Alternative scenario: below 1.6365, expect 1.6341 and 1.6327.
Comment: the RSI is above 70. It could mean either that the price is in a lasting uptrend or just overbought and therefore bound to correct (look for bearish divergence in this case). The MACD is below its signal line and positive. The price is above its 20 and 50 period moving average (respectively at 1.6383 and 1.6346).
Supports and resistances:
1.6460 *
1.6446 **
1.6432
1.6401 last
1.6365 **
1.6341 *
1.6327 **
Head of Research at TRADING CENTRAL: Rémy GAUSSENS
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Written on 08-19-2026 at 13:20 UTC+1
Price reference: 1.6401 last known on 08-19-2026 at 13:20 UTC+1
Investment horizon: INTRADAY
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