Our pivot point is at 0.5158.
Our preference: the upside prevails as long as 0.5158 is support.
Alternative scenario: the downside breakout of 0.5158 would call for 0.5005 and 0.4914.
Comment: the RSI is above its neutrality area at 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 0.5223 and 0.5269).
Supports and resistances:
0.5741 **
0.5649 *
0.5558 **
0.5467
0.5281 last
0.5218
0.5158 **
0.5005 *
0.4914 **
Head of Research at TRADING CENTRAL: Rémy GAUSSENS
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Written on 09-07-2024 at 08:48 UTC+1
Price reference: 0.5281 last known on 09-07-2024 at 08:48 UTC+1
Investment horizon: INTRADAY
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