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EOS / Dollar intraday: target 0.8004

Trading Central 2025-05-09 14:48:05

The MACD must penetrate its zero line to expect further downside.

Our pivot point stands at 0.8729.

Our preference: target 0.8004.

Alternative scenario: the upside breakout of 0.8729, would call for 0.8996 and 0.9155.

Comment: the RSI is below its neutrality area at 50. The MACD is positive and below its signal line. The MACD must penetrate its zero line to expect further downside. Moreover, the price is trading under its 20 period moving average (0.8547) but above its 50 period moving average (0.8482).

Supports and resistances:

0.9155 **

0.8996 *

0.8729 **

0.8624

0.8485 last

0.8162

0.8004 **