Our pivot point is at 0.5264.
Our preference: rebound towards 0.5330.
Alternative scenario: the downside breakout of 0.5264 would call for 0.5242 and 0.5229.
Comment: the RSI is below 50. The MACD is above its signal line and negative. The configuration is mixed. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 0.5297 and 0.5316).
Supports and resistances:
0.5356 **
0.5343 *
0.5330 **
0.5317
0.5290 last
0.5272
0.5264 **
0.5242 *
0.5229 **
Head of Research at TRADING CENTRAL: Rémy GAUSSENS
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Written on 05-30-2025 at 05:56 UTC+1
Price reference: 0.5290 last known on 05-30-2025 at 05:56 UTC+1
Investment horizon: INTRADAY
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