Our pivot point is at 1.1116.
Our preference: The downside prevails as long as 1.1116 is resistance, with 1.1069 and 1.1056 as targets
Alternative scenario: above 1.1116, look for 1.1137 and 1.1150.
Comment: the RSI is below 30. It could either mean that the price is in a lasting downtrend or just oversold and therefore bound to retrace (look for bullish divergence in this case). The MACD is above its signal line and negative. The price stands below its 20 and 50 period moving average (respectively at 1.1107 and 1.1140).
Supports and resistances:
1.1150 **
1.1137 *
1.1116 **
1.1091 last
1.1069
1.1056 **
1.1044 *
Head of Research at TRADING CENTRAL: Rémy GAUSSENS
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Written on 11-11-2026 at 21:20 UTC+1
Price reference: 1.1091 last known on 11-11-2026 at 21:20 UTC+1
Investment horizon: INTRADAY
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