Our pivot point is at 0.4581.
Our preference: as long as 0.4581 is support look for 0.4908.
Alternative scenario: the downside breakout of 0.4581 would call for 0.4460 and 0.4388.
Comment: the RSI is above 50. The MACD is positive and below its signal line. The price could retrace. Moreover, the price is above its 20 and 50 period moving average (respectively at 0.4663 and 0.4622).
Supports and resistances:
0.5052 **
0.4980 *
0.4908 **
0.4836
0.4676 last
0.4629
0.4581 **
0.4460 *
0.4388 **
Head of Research at TRADING CENTRAL: Rémy GAUSSENS
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Written on 05-27-2024 at 22:11 UTC+1
Price reference: 0.4676 last known on 05-27-2024 at 22:11 UTC+1
Investment horizon: INTRADAY
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