Our pivot point stands at 0.8187.
Our preference: as long as 0.8187 is support look for 0.8785.
Alternative scenario: the downside breakout of 0.8187 would call for 0.7963 and 0.7830.
Comment: the RSI is above 50. The MACD is below its signal line and positive. The price could retrace. Moreover, the price is trading under its 20 period moving average (0.8393) but above its 50 period moving average (0.8355).
Supports and resistances:
0.9051 **
0.8918 *
0.8785 **
0.8651
0.8385 last
0.8274
0.8187 **
0.7963 *
0.7830 **
Head of Research at TRADING CENTRAL: Rémy GAUSSENS
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Written on 09-04-2025 at 02:06 UTC+1
Price reference: 0.8385 last known on 09-04-2025 at 02:06 UTC+1
Investment horizon: INTRADAY
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