Our pivot point is at 0.9374.
Our preference: under pressure below 0.9374
Alternative scenario: above 0.9374, look for 0.9393 and 0.9404.
Comment: the RSI is below its neutrality area at 50. The MACD is below its signal line and positive. The MACD must penetrate its zero line to expect further downside. Moreover, the price stands below its 20 and 50 period moving average (respectively at 0.9367 and 0.9356).
Supports and resistances:
0.9404 **
0.9393 *
0.9374 **
0.9367
0.9353 last
0.9326
0.9315 **
0.9304 *
0.9293 **
Head of Research at TRADING CENTRAL: Rémy GAUSSENS
TRADING CENTRAL is governed by the Code of Conduct of ANACOFI-CIF, an association approved by the Autorité des Marchés Financiers and registered with ORIAS under number 17005458.
Written on 05-07-2025 at 12:45 UTC+1
Price reference: 0.9353 last known on 05-07-2025 at 12:45 UTC+1
Investment horizon: INTRADAY
TRADING CENTRAL recommends reading the legal and regulatory information as well as the warnings concerning the information provided accessible from the following link : https://global.tradingcentral.com/www/pdf/terms_of_use_web_sites_en.pdf