Our pivot point stands at 0.8906.
Our preference: the downside prevails as long as 0.8906 is resistance.
Alternative scenario: the upside breakout of 0.8906, would call for 0.8933 and 0.8950.
Comment: the RSI is below 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 0.8893 and 0.8896).
Supports and resistances:
0.8950 **
0.8933 *
0.8906 **
0.8895
0.8881 last
0.8838
0.8821 **
0.8805 *
0.8789 **
Head of Research at TRADING CENTRAL: Rémy GAUSSENS
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Written on 05-30-2025 at 05:55 UTC+1
Price reference: 0.8881 last known on 05-30-2025 at 05:55 UTC+1
Investment horizon: INTRADAY
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