Our pivot point is at 0.5455.
Our preference: as long as 0.5455 is support look for 0.5726.
Alternative scenario: the downside breakout of 0.5455 would call for 0.5363 and 0.5309.
Comment: the RSI is above 50. The MACD is below its signal line and positive. The price could retrace. Moreover, the price is below its 20 period moving average (0.5540) but above its 50 period moving average (0.5433).
Supports and resistances:
0.5836 **
0.5781 *
0.5726 **
0.5672
0.5527 last
0.5491
0.5455 **
0.5363 *
0.5309 **
Head of Research at TRADING CENTRAL: Rémy GAUSSENS
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Written on 11-07-2024 at 11:04 UTC+1
Price reference: 0.5527 last known on 11-07-2024 at 11:04 UTC+1
Investment horizon: INTRADAY
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