0.3774 is our pivot point.
Our preference: target 0.3604.
Alternative scenario: above 0.3774, look for 0.3835 and 0.3871.
Comment: the RSI is below 50. The MACD is below its signal line and positive. The MACD must penetrate its zero line to expect further downside. Moreover, the price is trading under its 20 period moving average (0.3728) but above its 50 period moving average (0.3697).
Supports and resistances:
0.3871 **
0.3835 *
0.3774 **
0.3751
0.3711 last
0.3639
0.3604 **
0.3568 *
0.3532 **
Head of Research at TRADING CENTRAL: Rémy GAUSSENS
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Written on 03-14-2023 at 04:04 UTC+1
Price reference: 0.3711 last known on 03-14-2023 at 04:04 UTC+1
Investment horizon: INTRADAY
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