Our pivot point is at 0.8551.
Our preference: under pressure below 0.8551.
Alternative scenario: the upside breakout of 0.8551, would call for 0.8575 and 0.8589.
Comment: the RSI is below 50. The MACD is positive and below its signal line. The MACD must penetrate its zero line to expect further downside. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 0.8533 and 0.8532).
Supports and resistances:
0.8589 **
0.8575 *
0.8551 **
0.8542
0.8531 last
0.8500
0.8485 **
0.8471 *
0.8457 **
Head of Research at TRADING CENTRAL: Rémy GAUSSENS
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Written on 04-25-2025 at 22:24 UTC+1
Price reference: 0.8531 last known on 04-25-2025 at 22:24 UTC+1
Investment horizon: INTRADAY
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