Our pivot point is at 1.3999.
Our preference: the downside prevails as long as 1.3999 is resistance
Alternative scenario: above 1.3999, look for 1.4215 and 1.4344.
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 1.3868 and 1.3982).
Supports and resistances:
1.4344 **
1.4215 *
1.3999 **
1.3914
1.3739 last
1.3458
1.3331 **
1.3203 *
1.3076 **
Head of Research at TRADING CENTRAL: Rémy GAUSSENS
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Written on 06-02-2025 at 09:15 UTC+1
Price reference: 1.3739 last known on 06-02-2025 at 09:15 UTC+1
Investment horizon: ST
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