Our pivot point stands at 2.4534.
Our preference: target 1.2298.
Alternative scenario: above 2.4534, look for 2.9089 and 3.1800.
Comment: the RSI is below 50. The MACD is positive and below its signal line. The MACD must penetrate its zero line to expect further downside. Moreover, the price is trading under its 20 period moving average (2.2746) but above its 50 period moving average (1.9206).
Supports and resistances:
3.1800 **
2.9089 *
2.4534 **
2.2745
2.0749 last
1.4899
1.2298 **
0.9697 *
0.7097 **
Head of Research at TRADING CENTRAL: Rémy GAUSSENS
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Written on 12-31-2024 at 12:08 UTC+1
Price reference: 2.0749 last known on 12-31-2024 at 12:08 UTC+1
Investment horizon: ST
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