Pivot: 1.1665
Our preference: short positions below 1.1665 with targets at 1.1635 & 1.1620 in extension.
Alternative scenario: above 1.1665 look for further upside with 1.1680 & 1.1695 as targets.
Comment: as long as 1.1665 is resistance, look for choppy price action with a bearish bias.
Supports and resistances:
1.1695
1.1680
1.1665
1.1651 Last
1.1635
1.1620
1.1605
Head of Research at TRADING CENTRAL: Rémy GAUSSENS
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Written on 12-05-2025 at 02:42 UTC+1
Price reference: 1.1651 last known on 12-05-2025 at 02:42 UTC+1
Investment horizon: INTRADAY
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