Our pivot point stands at 0.3790.
Our preference: rebound towards 0.4031.
Alternative scenario: the downside breakout of 0.3790 would call for 0.3706 and 0.3657.
Comment: the RSI is below 50. The MACD is above its signal line and negative. The configuration is mixed. Moreover, the price stands below its 20 and 50 period moving average (respectively at 0.3900 and 0.4008).
Supports and resistances:
0.4131 **
0.4081 *
0.4031 **
0.3981
0.3880 last
0.3823
0.3790 **
0.3706 *
0.3657 **
Head of Research at TRADING CENTRAL: Rémy GAUSSENS
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Written on 11-08-2022 at 11:32 UTC+1
Price reference: 0.3880 last known on 11-08-2022 at 11:32 UTC+1
Investment horizon: INTRADAY
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