Our pivot point is at 0.5975.
Our preference: as long as 0.5975 is resistance look for 0.5918
Alternative scenario: above 0.5975, look for 0.5996 and 0.6008.
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 stands below its 20 and 50 period moving average (respectively at 0.5959 and 0.5959).
Supports and resistances:
0.6008 **
0.5996 *
0.5975 **
0.5967
0.5959 last
0.5930
0.5918 **
0.5906 *
0.5894 **
Head of Research at TRADING CENTRAL: Rémy GAUSSENS
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Written on 06-20-2025 at 10:51 UTC+1
Price reference: 0.5959 last known on 06-20-2025 at 10:51 UTC+1
Investment horizon: INTRADAY
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