Our pivot point is at 0.8540.
Our preference: under pressure below 0.8540.
Alternative scenario: above 0.8540, look for 0.8763 and 0.8896.
Comment: the RSI is below 50. The MACD is positive and below its signal line. 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 0.8388 and 0.8358).
Supports and resistances:
0.8896 **
0.8763 *
0.8540 **
0.8452
0.8344 last
0.8079
0.7946 **
0.7814 *
0.7681 **
Head of Research at TRADING CENTRAL: Rémy GAUSSENS
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Written on 09-04-2025 at 04:06 UTC+1
Price reference: 0.8344 last known on 09-04-2025 at 04:06 UTC+1
Investment horizon: INTRADAY
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