Our pivot point stands at 1.3467.
Our preference: the upside prevails as long as 1.3467 is support.
Alternative scenario: the downside breakout of 1.3467 would call for 1.3438 and 1.3421.
Comment: the RSI is above its neutrality area at 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the price is above its 20 and 50 period moving average (respectively at 1.3477 and 1.3479).
Supports and resistances:
1.3578 **
1.3561 *
1.3545 **
1.3528
1.3489 last
1.3478
1.3467 **
1.3438 *
1.3421 **
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 03-01-2023 at 02:27 UTC+1
Price reference: 1.3489 last known on 03-01-2023 at 02:27 UTC+1
Investment horizon: INTRADAY