0.8142 is our pivot point.
Our preference: the downside prevails as long as 0.8142 is resistance.
Alternative scenario: the upside breakout of 0.8142, would call for 0.9509 and 1.0323.
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 stands below its 20 and 50 period moving average (respectively at 0.7389 and 0.7171).
Supports and resistances:
1.0323 **
0.9509 *
0.8142 **
0.7605
0.6929 last
0.5296
0.4504 **
0.3712 *
0.2920 **
Head of Research at TRADING CENTRAL: Rémy GAUSSENS
TRADING CENTRAL is governed by the Code of Conduct of ANACOFI-CIF, an association approved by the Autorité des Marchés Financiers and registered with ORIAS under number 17005458.
Written on 06-03-2025 at 12:07 UTC+1
Price reference: 0.6929 last known on 06-03-2025 at 12:07 UTC+1
Investment horizon: ST
TRADING CENTRAL recommends reading the legal and regulatory information as well as the warnings concerning the information provided accessible from the following link : https://global.tradingcentral.com/www/pdf/terms_of_use_web_sites_en.pdf