Our pivot point stands at 1.8071.
Our preference: target 1.7724.
Alternative scenario: above 1.8071, look for 1.8201 and 1.8278.
Comment: the RSI is below 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 (1.7956) but above its 50 period moving average (1.7956).
Supports and resistances:
1.8278 **
1.8201 *
1.8071 **
1.8020
1.7956 last
1.7802
1.7724 **
1.7647 *
1.7570 **
Head of Research at TRADING CENTRAL: Rémy GAUSSENS
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Written on 08-18-2025 at 21:53 UTC+1
Price reference: 1.7956 last known on 08-18-2025 at 21:53 UTC+1
Investment horizon: INTRADAY
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