0.7231 is our pivot point.
Our preference: rebound.
Alternative scenario: the downside breakout of 0.7231 would call for 0.7014 and 0.6885.
Comment: the RSI is above 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 (0.7405) but under its 50 period moving average (0.7464).
Supports and resistances:
0.8081 **
0.7951 *
0.7822 **
0.7692
0.7433 last
0.7316
0.7231 **
0.7014 *
0.6885 **
Head of Research at TRADING CENTRAL: Rémy GAUSSENS
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Written on 11-19-2024 at 04:07 UTC+1
Price reference: 0.7433 last known on 11-19-2024 at 04:07 UTC+1
Investment horizon: INTRADAY
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