Our pivot point is at 1.7473.
Our preference: as long as 1.7473 is support look for 1.7817.
Alternative scenario: below 1.7473, expect 1.7346 and 1.7270.
Comment: the RSI is above 50. The MACD is below its signal line and positive. The pair could retrace. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 1.7569 and 1.7525).
Supports and resistances:
1.7969 **
1.7893 *
1.7817 **
1.7742
1.7580 last
1.7523
1.7473 **
1.7346 *
1.7270 **
Head of Research at TRADING CENTRAL: Rémy GAUSSENS
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Written on 05-07-2025 at 22:24 UTC+1
Price reference: 1.7580 last known on 05-07-2025 at 22:24 UTC+1
Investment horizon: INTRADAY
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