Our pivot point stands at 0.8783.
Our preference: technical rebound towards 0.8783 before a new drop.
Alternative scenario: above 0.8783, look for 0.8805 and 0.8818.
Comment: the RSI is above its neutrality area at 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the price stands below its 20 and 50 period moving average (respectively at 0.8751 and 0.8765).
Supports and resistances:
0.8818 **
0.8805 *
0.8783 **
0.8775
0.8765 last
0.8737
0.8724 **
0.8711 *
0.8698 **
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 21:54 UTC+1
Price reference: 0.8765 last known on 04-04-2023 at 21:54 UTC+1
Investment horizon: INTRADAY