Our pivot point stands at 0.6187.
Our preference: as long as 0.6187 is support look for 0.6265.
Alternative scenario: the downside breakout of 0.6187 would call for 0.6158 and 0.6141.
Comment: the RSI is above 50. The MACD is positive and below its signal line. The pair could retrace. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 0.6212 and 0.6200).
Supports and resistances:
0.6300 **
0.6282 *
0.6265 **
0.6248
0.6213 last
0.6199
0.6187 **
0.6158 *
0.6141 **
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 04-12-2023 at 22:47 UTC+1
Price reference: 0.6213 last known on 04-12-2023 at 22:47 UTC+1
Investment horizon: INTRADAY