1.4581 is our pivot point.
Our preference: rebound towards 1.4703.
Alternative scenario: below 1.4581, expect 1.4541 and 1.4516.
Comment: the RSI is below 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 (1.4603) but under its 50 period moving average (1.4664).
Supports and resistances:
1.4752 **
1.4727 *
1.4703 **
1.4679
1.4623 last
1.4597
1.4581 **
1.4541 *
1.4516 **
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 10:46 UTC+1
Price reference: 1.4623 last known on 04-03-2023 at 10:46 UTC+1
Investment horizon: INTRADAY