Our pivot point stands at 0.6168.
Our preference: technical rebound towards 0.6168 before a new drop.
Alternative scenario: the upside breakout of 0.6168, would call for 0.6312 and 0.6397.
Comment: the RSI is above 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the price stands below its 20 and 50 period moving average (respectively at 0.6038 and 0.6034).
Supports and resistances:
0.6397 **
0.6312 *
0.6168 **
0.6112
0.6029 last
0.5856
0.5771 **
0.5686 *
0.5601 **
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 06-19-2025 at 07:52 UTC+1
Price reference: 0.6029 last known on 06-19-2025 at 07:52 UTC+1
Investment horizon: INTRADAY
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