Our pivot point stands at 0.5908.
Our preference: the downside prevails as long as 0.5908 is resistance.
Alternative scenario: the upside breakout of 0.5908, would call for 0.5948 and 0.5971.
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 is trading under both its 20 and 50 period moving average (respectively at 0.5883 and 0.5888).
Supports and resistances:
0.5971 **
0.5948 *
0.5908 **
0.5893
0.5877 last
0.5829
0.5806 **
0.5782 *
0.5759 **
Head of Research at TRADING CENTRAL: Rémy GAUSSENS
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Written on 05-16-2025 at 22:07 UTC+1
Price reference: 0.5877 last known on 05-16-2025 at 22:07 UTC+1
Investment horizon: INTRADAY
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