Our pivot point is at 1.1984.
Our preference: as long as 1.1984 is support look for 1.2465
Alternative scenario: below 1.1984, expect 1.1814 and 1.1713.
Comment: the RSI is above its neutrality area at 50. The MACD is below its signal line and positive. The price could retrace. Moreover, the price is below its 20 period moving average (1.2159) but above its 50 period moving average (1.2082).
Supports and resistances:
1.2566 *
1.2465 **
1.2363
1.2147 last
1.1984 **
1.1814 *
1.1713 **
Head of Research at TRADING CENTRAL: Rémy GAUSSENS
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Written on 05-11-2026 at 09:15 UTC+1
Price reference: 1.2147 last known on 05-11-2026 at 09:15 UTC+1
Investment horizon: ST
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