0.8731 is our pivot point.
Our preference: rebound towards 0.8790.
Alternative scenario: the downside breakout of 0.8731 would call for 0.8709 and 0.8696.
Comment: the RSI is below its neutrality area at 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 0.8751 and 0.8763).
Supports and resistances:
0.8816 **
0.8803 *
0.8790 **
0.8777
0.8750 last
0.8739
0.8731 **
0.8709 *
0.8696 **
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 04-06-2023 at 02:56 UTC+1
Price reference: 0.8750 last known on 04-06-2023 at 02:56 UTC+1
Investment horizon: INTRADAY