Our pivot point is at 1.1535.
Our preference: as long as 1.1535 is support look for 1.1622
Alternative scenario: below 1.1535, expect 1.1504 and 1.1485.
Comment: the RSI is above its neutrality area at 50. The MACD is below its signal line and positive. The price could retrace. Moreover, the price is below its 20 period moving average (1.1570) but above its 50 period moving average (1.1553).
Supports and resistances:
1.1660 **
1.1641 *
1.1622 **
1.1604
1.1566 last
1.1547
1.1535 **
1.1504 *
1.1485 **
Head of Research at TRADING CENTRAL: Rémy GAUSSENS
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Written on 11-08-2025 at 02:01 UTC+1
Price reference: 1.1567 last known on 11-08-2025 at 02:01 UTC+1
Investment horizon: INTRADAY
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