Our pivot point is at 1.0556.
Our preference: as long as 1.0556 is resistance look for 1.0489
Alternative scenario: above 1.0556, look for 1.0580 and 1.0594.
Comment: the RSI is above its neutrality area at 50. The MACD is below its signal line and negative. The penetration of 50 on the RSI should trigger further losses. Moreover, the price stands above its 20 period moving average (1.0535) but below its 50 period moving average (1.0539).
Supports and resistances:
1.0594 **
1.0580 *
1.0556 **
1.0547
1.0537 last
1.0503
1.0489 **
1.0475 *
1.0461 **
Head of Research at TRADING CENTRAL: Rémy GAUSSENS
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Written on 11-21-2025 at 06:47 UTC+1
Price reference: 1.0537 last known on 11-21-2025 at 06:47 UTC+1
Investment horizon: INTRADAY
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