Our pivot point is at 1.1625.
Our preference: The downside prevails as long as 1.1625 is resistance, with 1.1571 and 1.1557 as targets
Alternative scenario: above 1.1625, look for 1.1648 and 1.1661.
Comment: the RSI is below 30. It could either mean that the price is in a lasting downtrend or just oversold and therefore bound to retrace (look for bullish divergence in this case). The MACD is below its signal line and negative. The configuration is negative. The price stands below its 20 and 50 period moving average (respectively at 1.1631 and 1.1634). The EUR/USD is trading below its lower Bollinger band (standing at 1.1608).
Supports and resistances:
1.1661 **
1.1648 *
1.1625 **
1.1603 last
1.1571
1.1557 **
1.1544 *
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 09-10-2026 at 15:34 UTC+1
Price reference: 1.1603 last known on 09-10-2026 at 15:34 UTC+1
Investment horizon: INTRADAY
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