Our pivot point is at 1.1526.
Our preference: the downside prevails as long as 1.1526 is resistance
Alternative scenario: above 1.1526, look for 1.1557 and 1.1575.
Comment: the RSI is below 30. It could either mean that the price is in a lasting downtrend or just oversold and therefore bound to retrace (look for bullish divergence in this case). 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 1.1494 and 1.1531).
Supports and resistances:
1.1575 **
1.1557 *
1.1526 **
1.1513
1.1425 last
1.1388
1.1370 **
1.1352 *
1.1333 **
Head of Research at TRADING CENTRAL: Rémy GAUSSENS
TRADING CENTRAL is governed by the Code of Conduct of ANACOFI-CIF, an association approved by the Autorité des Marchés Financiers and registered with ORIAS under number 17005458.
Written on 07-30-2025 at 21:21 UTC+1
Price reference: 1.1425 last known on 07-30-2025 at 21:21 UTC+1
Investment horizon: INTRADAY
TRADING CENTRAL recommends reading the legal and regulatory information as well as the warnings concerning the information provided accessible from the following link : https://global.tradingcentral.com/www/pdf/terms_of_use_web_sites_en.pdf