Our pivot point stands at 1.7973.
Our preference: technical rebound towards 1.7973 before a new drop.
Alternative scenario: above 1.7973, look for 1.8102 and 1.8179.
Comment: the RSI is above its neutrality area at 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the price stands above its 20 period moving average (1.7851) but below its 50 period moving average (1.7869).
Supports and resistances:
1.8179 **
1.8102 *
1.7973 **
1.7922
1.7868 last
1.7709
1.7632 **
1.7555 *
1.7478 **
Head of Research at TRADING CENTRAL: Rémy GAUSSENS
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Written on 06-24-2025 at 21:57 UTC+1
Price reference: 1.7868 last known on 06-24-2025 at 21:57 UTC+1
Investment horizon: INTRADAY
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