Our pivot point is at 0.5834.
Our preference: The downside prevails as long as 0.5834 is resistance, with 0.5805 and 0.5798 as targets
Alternative scenario: above 0.5834, look for 0.5845 and 0.5851.
Comment: The MACD is above its signal line and negative. The price stands above its 20 period moving average (0.5820) but below its 50 period moving average (0.5826).
Supports and resistances:
0.5851 **
0.5845 *
0.5834 **
0.5824 last
0.5805
0.5798 **
0.5792 *
Head of Research at TRADING CENTRAL: Rémy GAUSSENS
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Written on 10-16-2026 at 21:20 UTC+1
Price reference: 0.5824 last known on 10-16-2026 at 21:20 UTC+1
Investment horizon: INTRADAY
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