Our pivot point is at 0.5229.
Our preference: as long as 0.5229 is support look for 0.5266
Alternative scenario: below 0.5229, expect 0.5218 and 0.5211.
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 (0.5242) but above its 50 period moving average (0.5234).
Supports and resistances:
0.5280 **
0.5273 *
0.5266 **
0.5259
0.5241 last
0.5234
0.5229 **
0.5218 *
0.5211 **
Head of Research at TRADING CENTRAL: Rémy GAUSSENS
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Written on 07-29-2025 at 10:46 UTC+1
Price reference: 0.5241 last known on 07-29-2025 at 10:46 UTC+1
Investment horizon: INTRADAY
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