Our pivot point is at 0.6529.
Our preference: the downside prevails as long as 0.6529 is resistance.
Alternative scenario: the upside breakout of 0.6529, would call for 0.6691 and 0.6788.
Comment: the RSI is below 30. It could either mean that the price is in a lasting downtrend or just oversold and therefore bound to retrace (look for bullish divergence in this case). The MACD is below its signal line and negative. The configuration is negative. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 0.6505 and 0.6600).
Supports and resistances:
0.6788 **
0.6691 *
0.6529 **
0.6465
0.6388 last
0.6191
0.6095 **
0.5999 *
0.5902 **
Head of Research at TRADING CENTRAL: Rémy GAUSSENS
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Written on 10-21-2025 at 10:44 UTC+1
Price reference: 0.6388 last known on 10-21-2025 at 10:44 UTC+1
Investment horizon: INTRADAY
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