1.3315 is our pivot point.
Our preference: target 1.3239.
Alternative scenario: the upside breakout of 1.3315, would call for 1.3344 and 1.3362.
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 below its 20 period moving average (1.3294) but above its 50 period moving average (1.3287).
Supports and resistances:
1.3362 **
1.3344 *
1.3315 **
1.3304
1.3292 last
1.3256
1.3239 **
1.3222 *
1.3204 **
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 21:38 UTC+1
Price reference: 1.3292 last known on 03-29-2023 at 21:38 UTC+1
Investment horizon: INTRADAY