Our pivot point stands at 0.7849.
Our preference: as long as 0.7849 is resistance look for 0.7305.
Alternative scenario: above 0.7849, look for 0.8039 and 0.8152.
Comment: the RSI is below its neutrality area at 50. The MACD is positive and above its signal line. The break above the 50 area on the RSI would call for further upside. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 0.7696 and 0.7722).
Supports and resistances:
0.8152 **
0.8039 *
0.7849 **
0.7774
0.7690 last
0.7418
0.7305 **
0.7193 *
0.7080 **
Head of Research at TRADING CENTRAL: Rémy GAUSSENS
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Written on 03-05-2024 at 16:11 UTC+1
Price reference: 0.7690 last known on 03-05-2024 at 16:11 UTC+1
Investment horizon: INTRADAY
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