Our pivot point is at 1.6050.
Our preference: The downside prevails as long as 1.6050 is resistance, with 1.5974 and 1.5955 as targets
Alternative scenario: above 1.6050, look for 1.6083 and 1.6102.
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 1.6032 and 1.6038).
Supports and resistances:
1.6102 **
1.6083 *
1.6050 **
1.6016 last
1.5974
1.5955 **
1.5936 *
Head of Research at TRADING CENTRAL: Rémy GAUSSENS
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Written on 10-14-2026 at 07:00 UTC+1
Price reference: 1.6016 last known on 10-14-2026 at 07:00 UTC+1
Investment horizon: INTRADAY
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