Our pivot point is at 0.6337.
Our preference: the downside prevails as long as 0.6337 is resistance.
Alternative scenario: above 0.6337, look for 0.6490 and 0.6582.
Comment: the RSI is below its neutrality area at 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 0.6232 and 0.6218).
Supports and resistances:
0.6582 **
0.6490 *
0.6337 **
0.6276
0.6216 last
0.6033
0.5942 **
0.5850 *
0.5759 **
Head of Research at TRADING CENTRAL: Rémy GAUSSENS
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Written on 02-28-2024 at 06:50 UTC+1
Price reference: 0.6216 last known on 02-28-2024 at 06:50 UTC+1
Investment horizon: INTRADAY
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