Our pivot point is at 0.5891.
Our preference: look for a drop towards 0.5891 before a bounce.
Alternative scenario: below 0.5891, expect 0.5851 and 0.5827.
Comment: the RSI is above its neutrality area at 50. The MACD is negative and below its signal line. The penetration of 50 on the RSI should trigger further losses. Moreover, the price is below its 20 period moving average (0.5926) but above its 50 period moving average (0.5923).
Supports and resistances:
0.6046 **
0.6022 *
0.5998 **
0.5975
0.5925 last
0.5906
0.5891 **
0.5851 *
0.5827 **
Head of Research at TRADING CENTRAL: Rémy GAUSSENS
TRADING CENTRAL is governed by the Code of Conduct of ANACOFI-CIF, an association approved by the Autorité des Marchés Financiers and registered with ORIAS under number 17005458.
Written on 08-15-2025 at 22:29 UTC+1
Price reference: 0.5925 last known on 08-15-2025 at 22:29 UTC+1
Investment horizon: INTRADAY
TRADING CENTRAL recommends reading the legal and regulatory information as well as the warnings concerning the information provided accessible from the following link : https://global.tradingcentral.com/www/pdf/terms_of_use_web_sites_en.pdf