Our pivot point is at 1.6281.
Our preference: The downside prevails as long as 1.6281 is resistance, with 1.6199 and 1.6178 as targets
Alternative scenario: above 1.6281, look for 1.6316 and 1.6336.
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 1.6251 and 1.6282).
Supports and resistances:
1.6336 **
1.6316 *
1.6281 **
1.6242 last
1.6199
1.6178 **
1.6158 *
Head of Research at TRADING CENTRAL: Rémy GAUSSENS
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Written on 08-26-2026 at 13:20 UTC+1
Price reference: 1.6242 last known on 08-26-2026 at 13:20 UTC+1
Investment horizon: INTRADAY
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