Our pivot point is at 1.4080.
Our preference: The downside prevails as long as 1.4080 is resistance, with 1.4032 and 1.4019 as targets
Alternative scenario: above 1.4080, look for 1.4101 and 1.4114.
Comment: the RSI is below 30. It could either mean that the price is in a lasting downtrend or just oversold and therefore bound to retrace (look for bullish divergence in this case). The MACD is below its signal line and negative. The price stands below its 20 and 50 period moving average (respectively at 1.4076 and 1.4089).
Supports and resistances:
1.4114 **
1.4101 *
1.4080 **
1.4053 last
1.4032
1.4019 **
1.4006 *
Head of Research at TRADING CENTRAL: Rémy GAUSSENS
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Written on 10-20-2026 at 13:00 UTC+1
Price reference: 1.4053 last known on 10-20-2026 at 13:00 UTC+1
Investment horizon: INTRADAY
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