Our pivot point is at 0.4209.
Our preference: the upside prevails as long as 0.4209 is support.
Alternative scenario: the downside breakout of 0.4209 would call for 0.4074 and 0.3993.
Comment: the RSI is above 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 0.4214 and 0.4182).
Supports and resistances:
0.4734 **
0.4654 *
0.4573 **
0.4492
0.4317 last
0.4262
0.4209 **
0.4074 *
0.3993 **
Head of Research at TRADING CENTRAL: Rémy GAUSSENS
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Written on 12-07-2025 at 21:17 UTC+1
Price reference: 0.4317 last known on 12-07-2025 at 21:17 UTC+1
Investment horizon: INTRADAY
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