Our preference: the upside prevails as long as 0.2700 is support.
Our pivot point is at 0.2700.
Our preference: the upside prevails as long as 0.2700 is support.
Alternative scenario: the downside breakout of 0.2700 would call for 0.2644 and 0.2610.
Comment: the RSI is above its neutrality area at 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the price is above its 20 and 50 period moving average (respectively at 0.2730 and 0.2734).
Supports and resistances:
0.2913 **
0.2879 *
0.2845 **
0.2812
0.2744 last
0.2722
0.2700 **