Our pivot point is at 1.1978.
Our preference: The downside prevails as long as 1.1978 is resistance, with 1.1917 and 1.1900 as targets
Alternative scenario: above 1.1978, look for 1.2007 and 1.2024.
Comment: The asset is now hovering dangerously close to our pivot, representing a pivotal moment that could be among the last opportunities for a trend reversal.
Supports and resistances:
1.2024 **
1.2007 *
1.1978 **
1.1969 last
1.1917
1.1900 **
1.1883 *
Head of Research at TRADING CENTRAL: Rémy GAUSSENS
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Written on 08-20-2026 at 21:20 UTC+1
Price reference: 1.1969 last known on 08-20-2026 at 21:20 UTC+1
Investment horizon: INTRADAY
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