Our pivot point is at 1.2006.
Our preference: The downside prevails as long as 1.2006 is resistance, with 1.1947 and 1.1932 as targets
Alternative scenario: above 1.2006, look for 1.2032 and 1.2047.
Comment: the RSI is below its neutrality area at 50. The MACD is above its signal line and negative. The price stands below its 20 and 50 period moving average (respectively at 1.1985 and 1.1993).
Supports and resistances:
1.2047 **
1.2032 *
1.2006 **
1.1980 last
1.1947
1.1932 **
1.1916 *
Head of Research at TRADING CENTRAL: Rémy GAUSSENS
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Written on 08-06-2026 at 10:35 UTC+1
Price reference: 1.1980 last known on 08-06-2026 at 10:35 UTC+1
Investment horizon: INTRADAY
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