Our pivot point is at 1.0938.
Our preference: the downside prevails as long as 1.0938 is resistance
Alternative scenario: above 1.0938, look for 1.0968 and 1.0986.
Comment: the RSI is below its neutrality area at 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the price stands below its 20 and 50 period moving average (respectively at 1.0938 and 1.0936).
Supports and resistances:
1.0986 **
1.0968 *
1.0938 **
1.0927
1.0912 last
1.0863
1.0845 **
1.0827 *
1.0810 **
Head of Research at TRADING CENTRAL: Rémy GAUSSENS
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Written on 04-08-2025 at 17:31 UTC+1
Price reference: 1.0912 last known on 04-08-2025 at 17:31 UTC+1
Investment horizon: INTRADAY
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