Our pivot point is at 1.6501.
Our preference: The downside prevails as long as 1.6501 is resistance, with 1.6013 and 1.5888 as targets
Alternative scenario: above 1.6501, look for 1.6712 and 1.6837.
Comment: the RSI is below its neutrality area at 50. The MACD is below its signal line and negative. The price stands below its 20 and 50 period moving average (respectively at 1.6354 and 1.6404).
Supports and resistances:
1.6837 **
1.6712 *
1.6501 **
1.6340 last
1.6013
1.5888 **
1.5763 *
Head of Research at TRADING CENTRAL: Rémy GAUSSENS
TRADING CENTRAL is governed by the Code of Conduct of ANACOFI-CIF, an association approved by the Autorité des Marchés Financiers and registered with ORIAS under number 17005458.
Written on 08-17-2026 at 08:30 UTC+1
Price reference: 1.6340 last known on 08-17-2026 at 08:30 UTC+1
Investment horizon: ST
TRADING CENTRAL recommends reading the legal and regulatory information as well as the warnings concerning the information provided accessible from the following link : https://global.tradingcentral.com/www/pdf/terms_of_use_web_sites_en.pdf