Our pivot point is at 2.2595.
Our preference: as long as 2.2595 is support look for 2.2772
Alternative scenario: below 2.2595, expect 2.2531 and 2.2494.
Comment: the RSI is above 70. It could mean either that the price is in a lasting uptrend or just overbought and therefore bound to correct (look for bearish divergence in this case). The MACD is below its signal line and positive. The price could retrace. Moreover, the price is above its 20 and 50 period moving average (respectively at 2.2617 and 2.2564).
Supports and resistances:
2.2847 **
2.2810 *
2.2772 **
2.2734
2.2650 last
2.2620
2.2595 **
2.2531 *
2.2494 **
Head of Research at TRADING CENTRAL: Rémy GAUSSENS
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Written on 07-07-2025 at 10:46 UTC+1
Price reference: 2.2650 last known on 07-07-2025 at 10:46 UTC+1
Investment horizon: INTRADAY
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