Our pivot point stands at 0.9941.
Our preference: rebound towards 1.0002.
Alternative scenario: the downside breakout of 0.9941 would call for 0.9918 and 0.9904.
Comment: the RSI is below its neutrality area at 50. The MACD is above its signal line and negative. The configuration is mixed. Moreover, the price is trading above its 20 period moving average (0.9960) but under its 50 period moving average (0.9965).
Supports and resistances:
1.0029 **
1.0016 *
1.0002 **
0.9988
0.9960 last
0.9950
0.9941 **
0.9918 *
0.9904 **
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 07:42 UTC+1
Price reference: 0.9960 last known on 03-30-2023 at 07:42 UTC+1
Investment horizon: INTRADAY