Our pivot point is at 0.5999.
Our preference: target 0.5938
Alternative scenario: above 0.5999, look for 0.6020 and 0.6033.
Comment: the RSI is below its neutrality area at 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 below its 20 period moving average (0.5988) but above its 50 period moving average (0.5979).
Supports and resistances:
0.6033 **
0.6020 *
0.5999 **
0.5990
0.5982 last
0.5950
0.5938 **
0.5925 *
0.5912 **
Head of Research at TRADING CENTRAL: Rémy GAUSSENS
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Written on 06-02-2025 at 10:45 UTC+1
Price reference: 0.5982 last known on 06-02-2025 at 10:45 UTC+1
Investment horizon: INTRADAY
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