Our pivot point stands at 0.3959.
Our preference: as long as 0.3959 is support look for 0.4132.
Alternative scenario: below 0.3959, expect 0.3895 and 0.3857.
Comment: the RSI is above 50. The MACD is below its signal line and positive. The price could retrace. Moreover, the price is above its 20 and 50 period moving average (respectively at 0.3990 and 0.3933).
Supports and resistances:
0.4208 **
0.4170 *
0.4132 **
0.4093
0.4010 last
0.3984
0.3959 **
0.3895 *
0.3857 **
Head of Research at TRADING CENTRAL: Rémy GAUSSENS
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Written on 07-01-2024 at 16:44 UTC+1
Price reference: 0.4010 last known on 07-01-2024 at 16:44 UTC+1
Investment horizon: INTRADAY
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