Our pivot point stands at 0.7938.
Our preference: the upside prevails as long as 0.7938 is support.
Alternative scenario: the downside breakout of 0.7938 would call for 0.7691 and 0.7544.
Comment: the RSI is above its neutrality area at 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 0.8032 and 0.8014).
Supports and resistances:
0.8911 **
0.8763 *
0.8615 **
0.8468
0.8137 last
0.8035
0.7938 **
0.7691 *
0.7544 **
Head of Research at TRADING CENTRAL: Rémy GAUSSENS
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Written on 02-21-2025 at 15:04 UTC+1
Price reference: 0.8137 last known on 02-21-2025 at 15:04 UTC+1
Investment horizon: INTRADAY
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