Our pivot point is at 1.3712.
Our preference: the downside prevails as long as 1.3712 is resistance
Alternative scenario: above 1.3712, look for 1.3967 and 1.4118.
Comment: the RSI is below its neutrality area at 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the price stands below its 20 and 50 period moving average (respectively at 1.3546 and 1.3534).
Supports and resistances:
1.4118 **
1.3967 *
1.3712 **
1.3612
1.3435 last
1.3115
1.2964 **
1.2813 *
1.2663 **
Head of Research at TRADING CENTRAL: Rémy GAUSSENS
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Written on 07-28-2025 at 09:15 UTC+1
Price reference: 1.3435 last known on 07-28-2025 at 09:15 UTC+1
Investment horizon: ST
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