Our pivot point is at 1.7998.
Our preference: technical rebound towards 1.7998 before a new drop
Alternative scenario: above 1.7998, look for 1.8042 and 1.8068.
Comment: the RSI is above its neutrality area at 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the price stands above its 20 period moving average (1.7951) but below its 50 period moving average (1.7972).
Supports and resistances:
1.8068 **
1.8042 *
1.7998 **
1.7981
1.7961 last
1.7904
1.7878 **
1.7852 *
1.7825 **
Head of Research at TRADING CENTRAL: Rémy GAUSSENS
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Written on 07-09-2025 at 01:15 UTC+1
Price reference: 1.7961 last known on 07-09-2025 at 01:15 UTC+1
Investment horizon: INTRADAY
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