Our pivot point is at 1.3493.
Our preference: as long as 1.3493 is support look for 1.3596
Alternative scenario: below 1.3493, expect 1.3456 and 1.3434.
Comment: the RSI is above 70. It could mean either that the price is in a lasting uptrend or just overbought and therefore bound to correct (look for bearish divergence in this case). The MACD is below its signal line and positive. The price could retrace. Moreover, the price is above its 20 and 50 period moving average (respectively at 1.3494 and 1.3443).
Supports and resistances:
1.3640 **
1.3618 *
1.3596 **
1.3574
1.3526 last
1.3507
1.3493 **
1.3456 *
1.3434 **
Head of Research at TRADING CENTRAL: Rémy GAUSSENS
TRADING CENTRAL is governed by the Code of Conduct of ANACOFI-CIF, an association approved by the Autorité des Marchés Financiers and registered with ORIAS under number 17005458.
Written on 08-23-2025 at 03:01 UTC+1
Price reference: 1.3526 last known on 08-23-2025 at 03:01 UTC+1
Investment horizon: INTRADAY
TRADING CENTRAL recommends reading the legal and regulatory information as well as the warnings concerning the information provided accessible from the following link : https://global.tradingcentral.com/www/pdf/terms_of_use_web_sites_en.pdf