Pivot: 1.0970
Our preference: short positions below 1.0970 with targets at 1.0880 & 1.0840 in extension.
Alternative scenario: above 1.0970 look for further upside with 1.1005 & 1.1050 as targets.
Comment: the RSI calls for a new downleg.
Supports and resistances:
1.1050
1.1005
1.0970
1.0914 Last
1.0880
1.0840
1.0810
Head of Research at TRADING CENTRAL: Rémy GAUSSENS
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Written on 04-08-2025 at 01:36 UTC+1
Price reference: 1.0914 last known on 04-08-2025 at 01:36 UTC+1
Investment horizon: INTRADAY
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