1.7597 is our pivot point.
Our preference: the downside prevails as long as 1.7597 is resistance.
Alternative scenario: the upside breakout of 1.7597, would call for 1.7723 and 1.7798.
Comment: the RSI is below 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 1.7520 and 1.7560).
Supports and resistances:
1.7798 **
1.7723 *
1.7597 **
1.7547
1.7492 last
1.7332
1.7257 **
1.7181 *
1.7106 **
Head of Research at TRADING CENTRAL: Rémy GAUSSENS
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Written on 05-23-2025 at 22:30 UTC+1
Price reference: 1.7492 last known on 05-23-2025 at 22:30 UTC+1
Investment horizon: INTRADAY
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