0.5690 is our pivot point.
Our preference: as long as 0.5690 is support look for 0.6113.
Alternative scenario: the downside breakout of 0.5690 would call for 0.5528 and 0.5431.
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 (0.5821) but above its 50 period moving average (0.5746).
Supports and resistances:
0.6307 **
0.6210 *
0.6113 **
0.6016
0.5818 last
0.5754
0.5690 **
0.5528 *
0.5431 **
Head of Research at TRADING CENTRAL: Rémy GAUSSENS
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Written on 09-17-2024 at 04:06 UTC+1
Price reference: 0.5818 last known on 09-17-2024 at 04:06 UTC+1
Investment horizon: INTRADAY
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