Our pivot point is at 1.1991.
Our preference: The downside prevails as long as 1.1991 is resistance, with 1.1939 and 1.1925 as targets
Alternative scenario: above 1.1991, look for 1.2014 and 1.2028.
Comment: As prices close in on our first target, this level may spark a pullback. However, a definitive break below it could pave the way for a deeper decline.
Supports and resistances:
1.2028 **
1.2014 *
1.1991 **
1.1946 last
1.1939
1.1925 **
1.1911 *
Head of Research at TRADING CENTRAL: Rémy GAUSSENS
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Written on 07-30-2026 at 13:20 UTC+1
Price reference: 1.1946 last known on 07-30-2026 at 13:20 UTC+1
Investment horizon: INTRADAY
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