Our pivot point is at 0.5982.
Our preference: as long as 0.5982 is support look for 0.6047
Alternative scenario: below 0.5982, expect 0.5958 and 0.5944.
Comment: the RSI is above its neutrality area at 50. The MACD is below its signal line and positive. The price could retrace. Moreover, the price is below its 20 period moving average (0.6007) but above its 50 period moving average (0.5990).
Supports and resistances:
0.6076 **
0.6061 *
0.6047 **
0.6033
0.6003 last
0.5991
0.5982 **
0.5958 *
0.5944 **
Head of Research at TRADING CENTRAL: Rémy GAUSSENS
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Written on 05-29-2025 at 10:45 UTC+1
Price reference: 0.6003 last known on 05-29-2025 at 10:45 UTC+1
Investment horizon: INTRADAY
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