Our pivot point is at 0.7925.
Our preference: rebound towards 0.8489.
Alternative scenario: the downside breakout of 0.7925 would call for 0.7709 and 0.7580.
Comment: the RSI is below 50. The MACD is negative and above its signal line. The configuration is mixed. Moreover, the price stands above its 20 period moving average (0.8097) but below its 50 period moving average (0.8177).
Supports and resistances:
0.8747 **
0.8618 *
0.8489 **
0.8361
0.8103 last
0.8010
0.7925 **
0.7709 *
0.7580 **
Head of Research at TRADING CENTRAL: Rémy GAUSSENS
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Written on 09-05-2025 at 02:06 UTC+1
Price reference: 0.8103 last known on 09-05-2025 at 02:06 UTC+1
Investment horizon: INTRADAY
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