Our pivot point is at 1.3460.
Our preference: our next up target stands at 1.3534.
Alternative scenario: the downside breakout of 1.3460 would call for 1.3432 and 1.3415.
Comment: the RSI is above its neutrality area at 50. The MACD is negative and above its signal line. 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 1.3475 and 1.3476).
Supports and resistances:
1.3567 **
1.3551 *
1.3534 **
1.3517
1.3482 last
1.3471
1.3460 **
1.3432 *
1.3415 **
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 02-28-2023 at 21:42 UTC+1
Price reference: 1.3482 last known on 02-28-2023 at 21:42 UTC+1
Investment horizon: INTRADAY