Our pivot point stands at 1.6200.
Our preference: our next up target stands at 1.6339.
Alternative scenario: the downside breakout of 1.6200 would call for 1.6150 and 1.6120.
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 is above its 20 and 50 period moving average (respectively at 1.6242 and 1.6246).
Supports and resistances:
1.6399 **
1.6369 *
1.6339 **
1.6309
1.6247 last
1.6220
1.6200 **
1.6150 *
1.6120 **
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 03-31-2023 at 20:22 UTC+1
Price reference: 1.6247 last known on 03-31-2023 at 20:22 UTC+1
Investment horizon: INTRADAY