Our pivot point is at 0.5813.
Our preference: The downside prevails as long as 0.5813 is resistance, with 0.5773 and 0.5763 as targets
Alternative scenario: above 0.5813, look for 0.5831 and 0.5842.
Comment: the RSI is below 30. It could either mean that the price is in a lasting downtrend or just oversold and therefore bound to retrace (look for bullish divergence in this case). The MACD is below its signal line and negative. The price stands below its 20 and 50 period moving average (respectively at 0.5813 and 0.5833).
Supports and resistances:
0.5842 **
0.5831 *
0.5813 **
0.5797 last
0.5773
0.5763 **
0.5752 *
Head of Research at TRADING CENTRAL: Rémy GAUSSENS
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Written on 09-10-2026 at 21:35 UTC+1
Price reference: 0.5797 last known on 09-10-2026 at 21:35 UTC+1
Investment horizon: INTRADAY
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