0.7664 is our pivot point.
Our preference: the downside prevails as long as 0.7664 is resistance.
Alternative scenario: the upside breakout of 0.7664, would call for 0.7876 and 0.8003.
Comment: the RSI is below its neutrality area at 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 0.7555 and 0.7621).
Supports and resistances:
0.8003 **
0.7876 *
0.7664 **
0.7580
0.7481 last
0.7217
0.7091 **
0.6965 *
0.6839 **
Head of Research at TRADING CENTRAL: Rémy GAUSSENS
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Written on 05-28-2025 at 08:53 UTC+1
Price reference: 0.7481 last known on 05-28-2025 at 08:53 UTC+1
Investment horizon: INTRADAY
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