Our preference: the downside prevails as long as 2.8 is resistance.
2.8 is our pivot point.
Our preference: the downside prevails as long as 2.8 is resistance.
Alternative scenario: the upside breakout of 2.8, would call for 2.8 and 2.9.
Comment: the RSI is below 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the price stands below its 20 and 50 period moving average (respectively at 2.7 and 2.7).
Supports and resistances:
2.9 **
2.8 *
2.8 **
2.7
2.7 last
2.6
2.5 **