Our pivot point is at 0.5327.
Our preference: technical rebound towards 0.5327 before a new drop
Alternative scenario: above 0.5327, look for 0.5341 and 0.5349.
Comment: the RSI is above its neutrality area at 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the price stands above its 20 period moving average (0.5300) but below its 50 period moving average (0.5316).
Supports and resistances:
0.5349 **
0.5341 *
0.5327 **
0.5322
0.5315 last
0.5296
0.5288 **
0.5280 *
0.5272 **
Head of Research at TRADING CENTRAL: Rémy GAUSSENS
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Written on 05-08-2025 at 06:46 UTC+1
Price reference: 0.5315 last known on 05-08-2025 at 06:46 UTC+1
Investment horizon: INTRADAY
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