Our pivot point stands at 1.7361.
Our preference: as long as 1.7361 is support look for 1.7530.
Alternative scenario: the downside breakout of 1.7361 would call for 1.7304 and 1.7270.
Comment: the RSI is above its neutrality area at 50. The MACD is below its signal line and positive. The pair could retrace. Moreover, the price is above its 20 and 50 period moving average (respectively at 1.7413 and 1.7375).
Supports and resistances:
1.7599 **
1.7565 *
1.7530 **
1.7496
1.7424 last
1.7384
1.7361 **
1.7304 *
1.7270 **
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 03-30-2023 at 00:09 UTC+1
Price reference: 1.7424 last known on 03-30-2023 at 00:09 UTC+1
Investment horizon: INTRADAY