Our pivot point is at 1.6434.
Our preference: The downside prevails as long as 1.6434 is resistance, with 1.6365 and 1.6347 as targets
Alternative scenario: above 1.6434, look for 1.6463 and 1.6481.
Comment: Prices are now approaching our first target. Reaching this level could trigger a pullback. Conversely, a decisive break below it could lead to a further fall.
Supports and resistances:
1.6481 **
1.6463 *
1.6434 **
1.6369 last
1.6365
1.6347 **
1.6329 *
Head of Research at TRADING CENTRAL: Rémy GAUSSENS
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Written on 07-31-2026 at 10:35 UTC+1
Price reference: 1.6369 last known on 07-31-2026 at 10:35 UTC+1
Investment horizon: INTRADAY
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