Our pivot point stands at 0.7283.
Our preference: as long as 0.7283 is support look for 0.7746.
Alternative scenario: the downside breakout of 0.7283 would call for 0.7118 and 0.7020.
Comment: the RSI is above 50. The MACD is positive and below its signal line. The price could retrace. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 0.7398 and 0.7330).
Supports and resistances:
0.7942 **
0.7844 *
0.7746 **
0.7647
0.7412 last
0.7347
0.7283 **
0.7118 *
0.7020 **
Head of Research at TRADING CENTRAL: Rémy GAUSSENS
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Written on 07-16-2025 at 07:56 UTC+1
Price reference: 0.7412 last known on 07-16-2025 at 07:56 UTC+1
Investment horizon: INTRADAY
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