Our pivot point is at 0.5780.
Our preference: the downside prevails as long as 0.5780 is resistance
Alternative scenario: above 0.5780, look for 0.5794 and 0.5803.
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 stands below its 20 and 50 period moving average (respectively at 0.5777 and 0.5791).
Supports and resistances:
0.5803 **
0.5794 *
0.5780 **
0.5775
0.5766 last
0.5747
0.5739 **
0.5730 *
0.5722 **
Head of Research at TRADING CENTRAL: Rémy GAUSSENS
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Written on 12-31-2025 at 10:39 UTC+1
Price reference: 0.5766 last known on 12-31-2025 at 10:39 UTC+1
Investment horizon: INTRADAY
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