Our pivot point stands at 1.9701.
Our preference: rebound.
Alternative scenario: below 1.9701, expect 1.9627 and 1.9583.
Comment: the RSI is above its neutrality area at 50. The MACD is above its signal line and negative. The MACD must break above its zero level to call for further upside. Moreover, the price stands above its 20 period moving average (1.9756) but below its 50 period moving average (1.9785).
Supports and resistances:
1.9986 **
1.9942 *
1.9897 **
1.9853
1.9763 last
1.9730
1.9701 **
1.9627 *
1.9583 **
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 19:35 UTC+1
Price reference: 1.9763 last known on 03-28-2023 at 19:35 UTC+1
Investment horizon: INTRADAY