0.5913 is our pivot point.
Our preference: as long as 0.5913 is support look for 0.6017.
Alternative scenario: the downside breakout of 0.5913 would call for 0.5873 and 0.5849.
Comment: the RSI is above its neutrality area at 50. The MACD is positive and below its signal line. The pair could retrace. Moreover, the pair is trading under its 20 period moving average (0.5951) but above its 50 period moving average (0.5934).
Supports and resistances:
0.6064 **
0.6041 *
0.6017 **
0.5993
0.5945 last
0.5929
0.5913 **
0.5873 *
0.5849 **
Head of Research at TRADING CENTRAL: Rémy GAUSSENS
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Written on 05-02-2025 at 22:10 UTC+1
Price reference: 0.5945 last known on 05-02-2025 at 22:10 UTC+1
Investment horizon: INTRADAY
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