Our pivot point stands at 0.5768.
Our preference: our next up target stands at 0.6146.
Alternative scenario: the downside breakout of 0.5768 would call for 0.5625 and 0.5540.
Comment: the RSI is above 50. The MACD is above its signal line and negative. The MACD must break above its zero level to call for further upside. Moreover, the price is above its 20 and 50 period moving average (respectively at 0.5867 and 0.5866).
Supports and resistances:
0.6317 **
0.6231 *
0.6146 **
0.6061
0.5890 last
0.5825
0.5768 **
0.5625 *
0.5540 **
Head of Research at TRADING CENTRAL: Rémy GAUSSENS
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Written on 09-20-2024 at 06:06 UTC+1
Price reference: 0.5890 last known on 09-20-2024 at 06:06 UTC+1
Investment horizon: INTRADAY
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