Our pivot point is at 1.7633.
Our preference: the downside prevails as long as 1.7633 is resistance.
Alternative scenario: above 1.7633, look for 1.7760 and 1.7836.
Comment: the RSI is below 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 1.7576 and 1.7621).
Supports and resistances:
1.7836 **
1.7760 *
1.7633 **
1.7584
1.7531 last
1.7372
1.7297 **
1.7221 *
1.7146 **
Head of Research at TRADING CENTRAL: Rémy GAUSSENS
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Written on 05-02-2025 at 22:03 UTC+1
Price reference: 1.7531 last known on 05-02-2025 at 22:03 UTC+1
Investment horizon: INTRADAY
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