Pivot: 0.8380
Our preference: short positions below 0.8380 with targets at 0.8300 & 0.8275 in extension.
Alternative scenario: above 0.8380 look for further upside with 0.8405 & 0.8435 as targets.
Comment: the RSI calls for a new downleg.
Supports and resistances:
0.8435
0.8405
0.8380
0.8333 Last
0.8300
0.8275
0.8250
Head of Research at TRADING CENTRAL: Rémy GAUSSENS
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Written on 05-16-2025 at 03:50 UTC+1
Price reference: 0.8333 last known on 05-16-2025 at 03:50 UTC+1
Investment horizon: INTRADAY
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