Our pivot point is at 7.20.
Our preference: The upside prevails as long as 7.20 is support, with 7.46 and 7.54 as targets
Alternative scenario: below 7.20, expect 7.07 and 6.99.
Comment: The approach toward our first target is a key moment to watch, it may trigger a throwback, yet a firm close above this threshold could provide the momentum needed to push the asset price higher.
Supports and resistances:
7.62 *
7.54 **
7.46
7.37 last
7.20 **
7.07 *
6.99 **
Head of Research at TRADING CENTRAL: Rémy GAUSSENS
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Written on 11-05-2026 at 07:45 UTC+1
Price reference: 7.37 last known on 11-05-2026 at 07:45 UTC+1
Investment horizon: INTRADAY
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