Pivot: 1.1625
Our preference: short positions below 1.1625 with targets at 1.1575 & 1.1560 in extension.
Alternative scenario: above 1.1625 look for further upside with 1.1645 & 1.1660 as targets.
Comment: as long as 1.1625 is resistance, look for choppy price action with a bearish bias.
Supports and resistances:
1.1660 **
1.1645 **
1.1625 ***
1.1596 Last
1.1575 ***
1.1560 **
1.1545 **
Head of Research at TRADING CENTRAL: Rémy GAUSSENS
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Written on 05-20-2026 at 07:12 UTC+1
Price reference: 1.1596 last known on 05-20-2026 at 07:12 UTC+1
Investment horizon: INTRADAY
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