Our pivot point stands at 0.5537.
Our preference: as long as 0.5537 is support look for 0.5972.
Alternative scenario: the downside breakout of 0.5537 would call for 0.5370 and 0.5270.
Comment: the RSI is above its neutrality area at 50. The MACD is positive and below its signal line. The price could retrace. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 0.5664 and 0.5630).
Supports and resistances:
0.6172 **
0.6072 *
0.5972 **
0.5872
0.5672 last
0.5603
0.5537 **
0.5370 *
0.5270 **
Head of Research at TRADING CENTRAL: Rémy GAUSSENS
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Written on 08-31-2024 at 08:48 UTC+1
Price reference: 0.5672 last known on 08-31-2024 at 08:48 UTC+1
Investment horizon: INTRADAY
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