Our pivot point stands at 0.8759.
Our preference: rebound towards 0.8828.
Alternative scenario: the downside breakout of 0.8759 would call for 0.8734 and 0.8719.
Comment: the RSI is below 50. The MACD is above its signal line and negative. The configuration is mixed. Moreover, the price stands below its 20 and 50 period moving average (respectively at 0.8781 and 0.8785).
Supports and resistances:
0.8858 **
0.8843 *
0.8828 **
0.8813
0.8780 last
0.8769
0.8759 **
0.8734 *
0.8719 **
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 04:15 UTC+1
Price reference: 0.8780 last known on 04-04-2023 at 04:15 UTC+1
Investment horizon: INTRADAY