Our pivot point stands at 1.7322.
Our preference: our next up target stands at 1.7482.
Alternative scenario: the downside breakout of 1.7322 would call for 1.7265 and 1.7231.
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 trading above both its 20 and 50 period moving average (respectively at 1.7347 and 1.7360).
Supports and resistances:
1.7550 **
1.7516 *
1.7482 **
1.7448
1.7379 last
1.7345
1.7322 **
1.7265 *
1.7231 **
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 04-03-2023 at 03:14 UTC+1
Price reference: 1.7379 last known on 04-03-2023 at 03:14 UTC+1
Investment horizon: INTRADAY