Our pivot point is at 0.8729.
Our preference: rebound towards 0.8771
Alternative scenario: below 0.8729, expect 0.8714 and 0.8705.
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 above its signal line and negative. The configuration is mixed. Moreover, the price stands below its 20 and 50 period moving average (respectively at 0.8749 and 0.8774).
Supports and resistances:
0.8788 **
0.8779 *
0.8771 **
0.8762
0.8742 last
0.8734
0.8729 **
0.8714 *
0.8705 **
Head of Research at TRADING CENTRAL: Rémy GAUSSENS
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Written on 12-04-2025 at 00:15 UTC+1
Price reference: 0.8742 last known on 12-04-2025 at 00:15 UTC+1
Investment horizon: INTRADAY
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