The cable is experiencing a bout of weakness resuming its medium-term downward trend by breaking its psychological support at 1.3000. Short-term moving averages are trending lower. Prices could therefore weaken towards the weekly support dating from October 2020 to 1.2846.

A close above 1.3000 would temper this negative reading that would be neutralized if the cable managed to cross the moving average at 34 pe riodes. The resistance is on 1.3300.