Our pivot point is at 1.6330.
Our preference: the upside prevails as long as 1.6330 is support
Alternative scenario: below 1.6330, expect 1.6296 and 1.6276.
Comment: the RSI is above its neutrality area at 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the price is above its 20 and 50 period moving average (respectively at 1.6327 and 1.6310).
Supports and resistances:
1.6444 *
1.6424 **
1.6404
1.6358 last
1.6330 **
1.6296 *
1.6276 **
Head of Research at TRADING CENTRAL: Rémy GAUSSENS
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Written on 06-05-2026 at 21:35 UTC+1
Price reference: 1.6358 last known on 06-05-2026 at 21:35 UTC+1
Investment horizon: INTRADAY
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