Our pivot point is at 1.1809.
Our preference: target 1.1712
Alternative scenario: above 1.1809, look for 1.1840 and 1.1859.
Comment: the RSI is below its neutrality area at 50. The MACD is below its signal line and positive. The MACD must penetrate its zero line to expect further downside. Moreover, the price is below its 20 period moving average (1.1776) but above its 50 period moving average (1.1772).
Supports and resistances:
1.1859 **
1.1840 *
1.1809 **
1.1796
1.1775 last
1.1731
1.1712 **
1.1693 *
1.1674 **
Head of Research at TRADING CENTRAL: Rémy GAUSSENS
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Written on 07-05-2025 at 03:02 UTC+1
Price reference: 1.1775 last known on 07-05-2025 at 03:02 UTC+1
Investment horizon: INTRADAY
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