Our pivot point is at 0.8978.
Our preference: the downside prevails as long as 0.8978 is resistance
Alternative scenario: above 0.8978, look for 0.9002 and 0.9016.
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 0.8954 and 0.8966).
Supports and resistances:
0.9016 **
0.9002 *
0.8978 **
0.8969
0.8952 last
0.8920
0.8906 **
0.8892 *
0.8877 **
Head of Research at TRADING CENTRAL: Rémy GAUSSENS
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Written on 07-02-2025 at 17:31 UTC+1
Price reference: 0.8952 last known on 07-02-2025 at 17:31 UTC+1
Investment horizon: INTRADAY
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