Our pivot point is at 0.5904.
Our preference: the downside prevails as long as 0.5904 is resistance
Alternative scenario: above 0.5904, look for 0.5936 and 0.5955.
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 0.5888 and 0.5888).
Supports and resistances:
0.5955 **
0.5936 *
0.5904 **
0.5892
0.5879 last
0.5833
0.5814 **
0.5796 *
0.5777 **
Head of Research at TRADING CENTRAL: Rémy GAUSSENS
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Written on 05-16-2025 at 21:30 UTC+1
Price reference: 0.5879 last known on 05-16-2025 at 21:30 UTC+1
Investment horizon: INTRADAY
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