Our pivot point stands at 0.6272.
Our preference: as long as 0.6272 is support look for 0.6353.
Alternative scenario: the downside breakout of 0.6272 would call for 0.6243 and 0.6226.
Comment: the RSI is above 50. The MACD is positive and below its signal line. The pair could retrace. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 0.6298 and 0.6291).
Supports and resistances:
0.6388 **
0.6370 *
0.6353 **
0.6336
0.6300 last
0.6284
0.6272 **
0.6243 *
0.6226 **
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 12:11 UTC+1
Price reference: 0.6300 last known on 04-04-2023 at 12:11 UTC+1
Investment horizon: INTRADAY