Our preference: target 0.2808.

0.2889 is our pivot point.
Our preference: target 0.2808.
Alternative scenario: the upside breakout of 0.2889, would call for 0.2920 and 0.2939.
Comment: the RSI is below 50. The MACD is below its signal line and positive. The MACD must penetrate its zero line to expect further downside. Moreover, the price is trading under its 20 period moving average (0.2870) but above its 50 period moving average (0.2863).
Supports and resistances:
0.2939 **
0.2920 *
0.2889 **
0.2877
0.2865 last
0.2827
0.2808 **