Our pivot point is at 1.3917.
Our preference: the downside prevails as long as 1.3917 is resistance
Alternative scenario: above 1.3917, look for 1.4074 and 1.4168.
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 configuration is negative. Moreover, the price stands below its 20 and 50 period moving average (respectively at 1.3964 and 1.3996).
Supports and resistances:
1.4168 **
1.4074 *
1.3917 **
1.3855
1.3778 last
1.3565
1.3472 **
1.3378 *
1.3285 **
Head of Research at TRADING CENTRAL: Rémy GAUSSENS
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Written on 12-15-2025 at 09:15 UTC+1
Price reference: 1.3778 last known on 12-15-2025 at 09:15 UTC+1
Investment horizon: ST
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