0.6208 is our pivot point.
Our preference: the upside prevails as long as 0.6208 is support.
Alternative scenario: the downside breakout of 0.6208 would call for 0.6051 and 0.5958.
Comment: the RSI is above its neutrality area at 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the price is above its 20 and 50 period moving average (respectively at 0.6242 and 0.6230).
Supports and resistances:
0.6809 **
0.6716 *
0.6623 **
0.6529
0.6343 last
0.6269
0.6208 **
0.6051 *
0.5958 **
Head of Research at TRADING CENTRAL: Rémy GAUSSENS
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Written on 02-28-2024 at 10:53 UTC+1
Price reference: 0.6343 last known on 02-28-2024 at 10:53 UTC+1
Investment horizon: INTRADAY
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