Our pivot point is at 1.6131.
Our preference: The downside prevails as long as 1.6131 is resistance, with 1.6061 and 1.6045 as targets
Alternative scenario: above 1.6131, look for 1.6158 and 1.6174.
Comment: The asset is now hovering dangerously close to our pivot, representing a pivotal moment that could be among the last opportunities for a trend reversal.
Supports and resistances:
1.6174 **
1.6158 *
1.6131 **
1.6121 last
1.6061
1.6045 **
1.6029 *
Head of Research at TRADING CENTRAL: Rémy GAUSSENS
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Written on 09-08-2026 at 04:02 UTC+1
Price reference: 1.6121 last known on 09-08-2026 at 04:02 UTC+1
Investment horizon: INTRADAY
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