Our pivot point stands at 0.5735.
Our preference: as long as 0.5735 is support look for 0.5966.
Alternative scenario: below 0.5735, expect 0.5646 and 0.5593.
Comment: the RSI is above 50. The MACD is positive and below its signal line. The price could retrace. Moreover, the price is below its 20 period moving average (0.5831) but above its 50 period moving average (0.5711).
Supports and resistances:
0.6072 **
0.6019 *
0.5966 **
0.5913
0.5808 last
0.5769
0.5735 **
0.5646 *
0.5593 **
Head of Research at TRADING CENTRAL: Rémy GAUSSENS
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Written on 02-28-2024 at 06:52 UTC+1
Price reference: 0.5808 last known on 02-28-2024 at 06:52 UTC+1
Investment horizon: INTRADAY
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