Our pivot point stands at 0.5530.
Our preference: as long as 0.5530 is support look for 0.5980.
Alternative scenario: the downside breakout of 0.5530 would call for 0.5362 and 0.5263.
Comment: the RSI is above 50. The MACD is positive and below its signal line. The price could retrace. Moreover, the price is below its 20 period moving average (0.5671) but above its 50 period moving average (0.5621).
Supports and resistances:
0.6180 **
0.6080 *
0.5980 **
0.5880
0.5669 last
0.5596
0.5530 **
0.5362 *
0.5263 **
Head of Research at TRADING CENTRAL: Rémy GAUSSENS
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Written on 09-03-2024 at 10:50 UTC+1
Price reference: 0.5669 last known on 09-03-2024 at 10:50 UTC+1
Investment horizon: INTRADAY
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