Our pivot point is at 0.3480.
Our preference: the downside prevails as long as 0.3480 is resistance.
Alternative scenario: the upside breakout of 0.3480, would call for 0.3544 and 0.3582.
Comment: the RSI is below 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 0.3486 and 0.3534).
Supports and resistances:
0.3582 **
0.3544 *
0.3480 **
0.3455
0.3405 last
0.3329
0.3292 **
0.3254 *
0.3216 **
Head of Research at TRADING CENTRAL: Rémy GAUSSENS
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Written on 10-31-2024 at 21:53 UTC+1
Price reference: 0.3405 last known on 10-31-2024 at 21:53 UTC+1
Investment horizon: INTRADAY
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