Our pivot point is at 1.7984.
Our preference: the downside prevails as long as 1.7984 is resistance
Alternative scenario: above 1.7984, look for 1.8019 and 1.8039.
Comment: the RSI is below 30. It could either mean that the price is in a lasting downtrend or just oversold and therefore bound to retrace (look for bullish divergence in this case). The MACD is below its signal line and negative. The configuration is negative. Moreover, the price stands below its 20 and 50 period moving average (respectively at 1.8010 and 1.8047).
Supports and resistances:
1.8039 **
1.8019 *
1.7984 **
1.7971
1.7949 last
1.7908
1.7888 **
1.7868 *
1.7847 **
Head of Research at TRADING CENTRAL: Rémy GAUSSENS
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Written on 10-17-2025 at 21:36 UTC+1
Price reference: 1.7949 last known on 10-17-2025 at 21:36 UTC+1
Investment horizon: INTRADAY
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