Our pivot point is at 1.3750.
Our preference: target 1.2898
Alternative scenario: above 1.3750, look for 1.4055 and 1.4237.
Comment: the RSI is below its neutrality area at 50. The MACD is below its signal line and positive. The MACD must penetrate its zero line to expect further downside. Moreover, the price is below its 20 period moving average (1.3518) but above its 50 period moving average (1.3391).
Supports and resistances:
1.4237 **
1.4055 *
1.3750 **
1.3630
1.3457 last
1.3079
1.2898 **
1.2717 *
1.2536 **
Head of Research at TRADING CENTRAL: Rémy GAUSSENS
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Written on 06-23-2025 at 09:15 UTC+1
Price reference: 1.3457 last known on 06-23-2025 at 09:15 UTC+1
Investment horizon: ST
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