Our pivot point stands at 0.8810.
Our preference: rebound towards 0.8930.
Alternative scenario: below 0.8810, expect 0.8780 and 0.8760.
Comment: the RSI is below its neutrality area at 50. The MACD is negative and above its signal line. The configuration is mixed. Moreover, the price stands below its 20 and 50 period moving average (respectively at 0.8865 and 0.8870).
Supports and resistances:
0.8970 **
0.8950 *
0.8930 **
0.8910
0.8862 last
0.8820
0.8810 **
0.8780 *
0.8760 **
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 10:32 UTC+1
Price reference: 0.8862 last known on 04-10-2023 at 10:32 UTC+1
Investment horizon: INTRADAY