Our pivot point is at 0.5974.
Our preference: under pressure below 0.5974
Alternative scenario: above 0.5974, look for 0.5992 and 0.6003.
Comment: the RSI is below its neutrality area at 50. The MACD is below its signal line and positive. The MACD must penetrate its zero line to expect further downside. Moreover, the price stands below its 20 and 50 period moving average (respectively at 0.5962 and 0.5957).
Supports and resistances:
0.6003 **
0.5992 *
0.5974 **
0.5967
0.5956 last
0.5930
0.5919 **
0.5908 *
0.5898 **
Head of Research at TRADING CENTRAL: Rémy GAUSSENS
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Written on 07-30-2025 at 10:45 UTC+1
Price reference: 0.5956 last known on 07-30-2025 at 10:45 UTC+1
Investment horizon: INTRADAY
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