Our pivot point is at 1.6740.
Our preference: our next up target stands at 1.6880.
Alternative scenario: below 1.6740, expect 1.6687 and 1.6655.
Comment: the RSI is above its neutrality area at 50. The MACD is above its signal line and negative. The MACD must break above its zero level to trigger further gains. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 1.6770 and 1.6777).
Supports and resistances:
1.6943 **
1.6912 *
1.6880 **
1.6848
1.6783 last
1.6761
1.6740 **
1.6687 *
1.6655 **
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 10:37 UTC+1
Price reference: 1.6783 last known on 04-10-2023 at 10:37 UTC+1
Investment horizon: INTRADAY