1.3235 is our pivot point.
Our preference: rebound.
Alternative scenario: the downside breakout of 1.3235 would call for 1.3207 and 1.3190.
Comment: the RSI is above 50. The MACD is above its signal line and negative. The MACD must break above its zero level to call for further upside. Moreover, the price is trading above its 20 period moving average (1.3254) but under its 50 period moving average (1.3261).
Supports and resistances:
1.3345 **
1.3328 *
1.3311 **
1.3295
1.3260 last
1.3246
1.3235 **
1.3207 *
1.3190 **
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 05:55 UTC+1
Price reference: 1.3260 last known on 04-05-2023 at 05:55 UTC+1
Investment horizon: INTRADAY