Air France-KLM: UK quarantine decision

The airline is losing ground after British announcement.

Downtrend 3

The UK decided to reinstate a 14-day quarantine on travelers from France and Netherlands. Following that decision, France plans to also impose a quarantine on UK arrivals. 

From a chartist point of view, prices are turning down below the E4.5 resistance and the declining 50 day MA while the RSI is now below 50. Under E4.5, a new down leg would be anticipated towards E3.6 and E3.

Source : TradingView, Gain Capital

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