Our pivot point is at 0.8778.
Our preference: the upside prevails as long as 0.8778 is support.
Alternative scenario: the downside breakout of 0.8778 would call for 0.8753 and 0.8738.
Comment: the RSI is above 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 0.8784 and 0.8786).
Supports and resistances:
0.8879 **
0.8864 *
0.8849 **
0.8834
0.8799 last
0.8788
0.8778 **
0.8753 *
0.8738 **
Head of Research at TRADING CENTRAL: Rémy GAUSSENS
TRADING CENTRAL is governed by the Code of Conduct of ANACOFI-CIF, an association approved by the Autorité des Marchés Financiers and registered with ORIAS under number 17005458.
Written on 03-28-2023 at 12:11 UTC+1
Price reference: 0.8799 last known on 03-28-2023 at 12:11 UTC+1
Investment horizon: INTRADAY