Our pivot point is at 0.6585.
Our preference: as long as 0.6585 is support look for 0.7178.
Alternative scenario: below 0.6585, expect 0.6388 and 0.6270.
Comment: the RSI is above 50. The MACD is below its signal line and positive. The price could retrace. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 0.6567 and 0.6170).
Supports and resistances:
0.7416 **
0.7297 *
0.7178 **
0.7060
0.6744 last
0.6662
0.6585 **
0.6388 *
0.6270 **
Head of Research at TRADING CENTRAL: Rémy GAUSSENS
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Written on 11-15-2024 at 21:54 UTC+1
Price reference: 0.6744 last known on 11-15-2024 at 21:54 UTC+1
Investment horizon: INTRADAY
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