Our pivot point is at 1.1694.
Our preference: as long as 1.1694 is support look for 1.1785
Alternative scenario: below 1.1694, expect 1.1663 and 1.1644.
Comment: the RSI is above 70. It could mean either that the price is in a lasting uptrend or just overbought and therefore bound to correct (look for bearish divergence in this case). The MACD is below its signal line and positive. The price could retrace. Moreover, the price is above its 20 and 50 period moving average (respectively at 1.1686 and 1.1635).
Supports and resistances:
1.1823 **
1.1804 *
1.1785 **
1.1766
1.1719 last
1.1707
1.1694 **
1.1663 *
1.1644 **
Head of Research at TRADING CENTRAL: Rémy GAUSSENS
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Written on 08-23-2025 at 03:01 UTC+1
Price reference: 1.1719 last known on 08-23-2025 at 03:01 UTC+1
Investment horizon: INTRADAY
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