Our preference: rebound towards 5.38.
4.95 is our pivot point.
Our preference: rebound towards 5.38.
Alternative scenario: the downside breakout of 4.95 would call for 4.79 and 4.70.
Comment: the RSI is below its neutrality area at 50. The MACD is negative and above its signal line. The configuration is mixed. Moreover, the price stands below its 20 and 50 period moving average (respectively at 5.10 and 5.13).
Supports and resistances:
5.57 **
5.48 *
5.38 **
5.29
5.10 last
5.01
4.95 **