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 price stands below its 20 and 50 period moving average (respectively at 1.4027 and 1.4019).
Supports and resistances:
1.4076 **
1.4062 *
1.4040 **
1.4019 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 21:20 UTC+1
Price reference: 1.4019 last known on 07-31-2026 at 21:20 UTC+1
Investment horizon: INTRADAY
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