Our pivot point stands at 0.8781.
Our preference: technical rebound towards 0.8781 before a new drop.
Alternative scenario: the upside breakout of 0.8781, would call for 0.8803 and 0.8816.
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 above its 20 period moving average (0.8758) but below its 50 period moving average (0.8763).
Supports and resistances:
0.8816 **
0.8803 *
0.8781 **
0.8773
0.8763 last
0.8734
0.8721 **
0.8708 *
0.8695 **
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 04-05-2023 at 00:08 UTC+1
Price reference: 0.8763 last known on 04-05-2023 at 00:08 UTC+1
Investment horizon: INTRADAY