Our pivot point stands at 0.4365.
Our preference: as long as 0.4365 is support look for 0.4731.
Alternative scenario: the downside breakout of 0.4365 would call for 0.4225 and 0.4141.
Comment: the RSI is above 50. The MACD is below its signal line and positive. The price could retrace. Moreover, the price is trading under its 20 period moving average (0.4492) but above its 50 period moving average (0.4434).
Supports and resistances:
0.4898 **
0.4815 *
0.4731 **
0.4647
0.4479 last
0.4421
0.4365 **
0.4225 *
0.4141 **
Head of Research at TRADING CENTRAL: Rémy GAUSSENS
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Written on 12-04-2025 at 06:07 UTC+1
Price reference: 0.4479 last known on 12-04-2025 at 06:07 UTC+1
Investment horizon: INTRADAY
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