Our pivot point stands at 1.0740.
Our preference: rebound towards 1.0820.
Alternative scenario: the downside breakout of 1.0740 would call for 1.0710 and 1.0690.
Comment: the RSI is below 50. The MACD is above its signal line and negative. The configuration is mixed. Moreover, the price is trading above its 20 period moving average (1.0763) but under its 50 period moving average (1.0775).
Supports and resistances:
1.0860 **
1.0840 *
1.0820 **
1.0800
1.0765 last
1.0750
1.0740 **
1.0710 *
1.0690 **
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 04-13-2023 at 21:36 UTC+1
Price reference: 1.0765 last known on 04-13-2023 at 21:36 UTC+1
Investment horizon: INTRADAY