Our pivot point stands at 0.6144.
Our preference: as long as 0.6144 is support look for 0.6229.
Alternative scenario: the downside breakout of 0.6144 would call for 0.6117 and 0.6101.
Comment: the RSI is above 50. The MACD is below its signal line and positive. The pair could retrace. Moreover, the pair is trading under its 20 period moving average (0.6186) but above its 50 period moving average (0.6169).
Supports and resistances:
0.6262 **
0.6246 *
0.6229 **
0.6213
0.6180 last
0.6154
0.6144 **
0.6117 *
0.6101 **
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 02:26 UTC+1
Price reference: 0.6180 last known on 03-01-2023 at 02:26 UTC+1
Investment horizon: INTRADAY