0.7972 is our pivot point.
Our preference: rebound.
Alternative scenario: below 0.7972, expect 0.7754 and 0.7625.
Comment: the RSI is above 50. The MACD is above its signal line and negative. The MACD must break above its zero level to trigger further gains. Moreover, the price stands above its 20 period moving average (0.8103) but below its 50 period moving average (0.8157).
Supports and resistances:
0.8804 **
0.8675 *
0.8545 **
0.8415
0.8156 last
0.8057
0.7972 **
0.7754 *
0.7625 **
Head of Research at TRADING CENTRAL: Rémy GAUSSENS
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Written on 09-05-2025 at 04:06 UTC+1
Price reference: 0.8156 last known on 09-05-2025 at 04:06 UTC+1
Investment horizon: INTRADAY
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