Our pivot point is at 0.8919.
Our preference: the downside prevails as long as 0.8919 is resistance
Alternative scenario: above 0.8919, look for 0.8938 and 0.8950.
Comment: the RSI is below its neutrality area at 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the price stands below its 20 and 50 period moving average (respectively at 0.8909 and 0.8910).
Supports and resistances:
0.8950 **
0.8938 *
0.8919 **
0.8911
0.8900 last
0.8870
0.8859 **
0.8847 *
0.8835 **
Head of Research at TRADING CENTRAL: Rémy GAUSSENS
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Written on 05-08-2025 at 10:45 UTC+1
Price reference: 0.8900 last known on 05-08-2025 at 10:45 UTC+1
Investment horizon: INTRADAY
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