Neutral/Negative Catalysts
- Primary trend remains bearish (moving averages stacked bearishly), which typically caps rebounds.
- MACD is still positive but losing momentum (contracting histogram), increasing the odds the bounce fades.
- Price is at/near key support (S1
1.14); a break increases probability of a move toward S2 (1.079).
- No hedge fund or insider accumulation trends reported (both neutral), offering no sentiment tailwind.