Our pivot point is at 0.5643.
Our preference: rebound.
Alternative scenario: the downside breakout of 0.5643 would call for 0.5484 and 0.5390.
Comment: the RSI is above its neutrality area at 50. The MACD is above its signal line and negative. The MACD must break above its zero level to call for further upside. Moreover, the price is trading above its 20 period moving average (0.5758) but under its 50 period moving average (0.5810).
Supports and resistances:
0.6254 **
0.6159 *
0.6065 **
0.5970
0.5767 last
0.5705
0.5643 **
0.5484 *
0.5390 **
Head of Research at TRADING CENTRAL: Rémy GAUSSENS
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Written on 04-05-2024 at 10:59 UTC+1
Price reference: 0.5767 last known on 04-05-2024 at 10:59 UTC+1
Investment horizon: INTRADAY
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