Our pivot point is at 2.3493.
Our preference: The downside prevails as long as 2.3493 is resistance, with 2.3413 and 2.3391 as targets
Alternative scenario: above 2.3493, look for 2.3529 and 2.3551.
Comment: the RSI is below 30. It could either mean that the price is in a lasting downtrend or just oversold and therefore bound to retrace (look for bullish divergence in this case). The MACD is below its signal line and negative. The price stands below its 20 and 50 period moving average (respectively at 2.3484 and 2.3521).
Supports and resistances:
2.3551 **
2.3529 *
2.3493 **
2.3453 last
2.3413
2.3391 **
2.3369 *
Head of Research at TRADING CENTRAL: Rémy GAUSSENS
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Written on 10-23-2026 at 21:35 UTC+1
Price reference: 2.3453 last known on 10-23-2026 at 21:35 UTC+1
Investment horizon: INTRADAY
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