Our pivot point stands at 0.6193.
Our preference: the downside prevails as long as 0.6193 is resistance.
Alternative scenario: the upside breakout of 0.6193, would call for 0.6301 and 0.6366.
Comment: the RSI is below 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 0.6128 and 0.6174).
Supports and resistances:
0.6366 **
0.6301 *
0.6193 **
0.6151
0.6098 last
0.5958
0.5894 **
0.5830 *
0.5766 **
Head of Research at TRADING CENTRAL: Rémy GAUSSENS
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Written on 11-21-2023 at 09:28 UTC+1
Price reference: 0.6098 last known on 11-21-2023 at 09:28 UTC+1
Investment horizon: INTRADAY
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