Our pivot point is at 1.6242.
Our preference: as long as 1.6242 is resistance look for 1.6147
Alternative scenario: above 1.6242, look for 1.6275 and 1.6295.
Comment: the RSI is below its neutrality area at 50. The MACD is above its signal line and positive. The break above the 50 area on the RSI should trigger further gains. Moreover, the price stands below its 20 and 50 period moving average (respectively at 1.6210 and 1.6209).
Supports and resistances:
1.6295 **
1.6275 *
1.6242 **
1.6209 last
1.6166
1.6147 **
1.6127 *
Head of Research at TRADING CENTRAL: Rémy GAUSSENS
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Written on 06-03-2026 at 10:35 UTC+1
Price reference: 1.6209 last known on 06-03-2026 at 10:35 UTC+1
Investment horizon: INTRADAY
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