Our pivot point stands at 0.5793.
Our preference: the upside prevails as long as 0.5793 is support.
Alternative scenario: the downside breakout of 0.5793 would call for 0.5618 and 0.5514.
Comment: the RSI is above its neutrality area at 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 0.5885 and 0.5918).
Supports and resistances:
0.6452 **
0.6348 *
0.6244 **
0.6140
0.5932 last
0.5861
0.5793 **
0.5618 *
0.5514 **
Head of Research at TRADING CENTRAL: Rémy GAUSSENS
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Written on 08-27-2024 at 06:06 UTC+1
Price reference: 0.5932 last known on 08-27-2024 at 06:06 UTC+1
Investment horizon: INTRADAY
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