Our pivot point is at 0.8508.
Our preference: look for a drop towards 0.8508 before a bounce
Alternative scenario: below 0.8508, expect 0.8491 and 0.8481.
Comment: the RSI is above its neutrality area at 50. The MACD is below its signal line and negative. The penetration of 50 on the RSI should trigger further losses. Moreover, the price is above its 20 and 50 period moving average (respectively at 0.8521 and 0.8513).
Supports and resistances:
0.8574 **
0.8564 *
0.8554 **
0.8544
0.8523 last
0.8515
0.8508 **
0.8491 *
0.8481 **
Head of Research at TRADING CENTRAL: Rémy GAUSSENS
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Written on 05-05-2025 at 01:19 UTC+1
Price reference: 0.8523 last known on 05-05-2025 at 01:19 UTC+1
Investment horizon: INTRADAY
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