Our pivot point stands at 1.6469.
Our preference: rebound.
Alternative scenario: below 1.6469, expect 1.6420 and 1.6391.
Comment: the RSI is above 50. The MACD is negative and above its signal line. The MACD must break above its zero level to call for further upside. Moreover, the price stands above its 20 period moving average (1.6517) but below its 50 period moving average (1.6522).
Supports and resistances:
1.6667 **
1.6638 *
1.6609 **
1.6580
1.6518 last
1.6488
1.6469 **
1.6420 *
1.6391 **
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 04-10-2023 at 10:43 UTC+1
Price reference: 1.6518 last known on 04-10-2023 at 10:43 UTC+1
Investment horizon: INTRADAY