Our pivot point is at 1.4040.
Our preference: The downside prevails as long as 1.4040 is resistance, with 1.3986 and 1.3972 as targets
Alternative scenario: above 1.4040, look for 1.4062 and 1.4076.
Comment: the RSI is below its neutrality area at 50. The MACD is above its signal line and negative. The price stands below its 20 and 50 period moving average (respectively at 1.4016 and 1.4020).
Supports and resistances:
1.4076 **
1.4062 *
1.4040 **
1.4010 last
1.3986
1.3972 **
1.3959 *
Head of Research at TRADING CENTRAL: Rémy GAUSSENS
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Written on 07-31-2026 at 11:00 UTC+1
Price reference: 1.4010 last known on 07-31-2026 at 11:00 UTC+1
Investment horizon: INTRADAY
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