Our pivot point stands at 1.3272.
Our preference: the upside prevails as long as 1.3272 is support.
Alternative scenario: the downside breakout of 1.3272 would call for 1.3243 and 1.3225.
Comment: the RSI is above 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 1.3287 and 1.3281).
Supports and resistances:
1.3384 **
1.3367 *
1.3349 **
1.3332
1.3296 last
1.3284
1.3272 **
1.3243 *
1.3225 **
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 03-29-2023 at 11:42 UTC+1
Price reference: 1.3296 last known on 03-29-2023 at 11:42 UTC+1
Investment horizon: INTRADAY