Our pivot point is at 1.2409.
Our preference: rebound towards 1.2515.
Alternative scenario: below 1.2409, expect 1.2369 and 1.2346.
Comment: the RSI is below 50. The MACD is negative and above its signal line. The configuration is mixed. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 1.2449 and 1.2453).
Supports and resistances:
1.2562 **
1.2538 *
1.2515 **
1.2491
1.2441 last
1.2424
1.2409 **
1.2369 *
1.2346 **
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 21:50 UTC+1
Price reference: 1.2441 last known on 04-06-2023 at 21:50 UTC+1
Investment horizon: INTRADAY