Pivot: 1.3420
Our preference: long positions above 1.3420 with targets at 1.4020 & 1.4310 in extension.
Alternative scenario: below 1.3420 look for further downside with 1.3100 & 1.2730 as targets.
Comment: even though a continuation of the consolidation cannot be ruled out, its extent should be limited.
Supports and resistances:
1.4790 ***
1.4310 ***
1.4020 ***
1.3765 Last
1.3420 ***
1.3100 ***
1.2730 **
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 07-30-2025 at 09:34 UTC+1
Price reference: 1.3765 last known on 07-30-2025 at 09:34 UTC+1
Investment horizon: MT
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