Our pivot point is at 0.6267.
Our preference: as long as 0.6267 is support look for 0.6349.
Alternative scenario: the downside breakout of 0.6267 would call for 0.6238 and 0.6221.
Comment: the RSI is above 50. The MACD is positive and below its signal line. The pair could retrace. Moreover, the pair is trading under its 20 period moving average (0.6294) but above its 50 period moving average (0.6267).
Supports and resistances:
0.6384 **
0.6366 *
0.6349 **
0.6332
0.6293 last
0.6279
0.6267 **
0.6238 *
0.6221 **
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 04-04-2023 at 04:16 UTC+1
Price reference: 0.6293 last known on 04-04-2023 at 04:16 UTC+1
Investment horizon: INTRADAY