Our pivot point stands at 0.6225.
Our preference: as long as 0.6225 is support look for 0.6299.
Alternative scenario: below 0.6225, expect 0.6198 and 0.6182.
Comment: the RSI is above its neutrality area at 50. The MACD is positive and below its signal line. The pair could retrace. Moreover, the price is below its 20 period moving average (0.6254) but above its 50 period moving average (0.6227).
Supports and resistances:
0.6332 **
0.6315 *
0.6299 **
0.6283
0.6248 last
0.6236
0.6225 **
0.6198 *
0.6182 **
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 21:42 UTC+1
Price reference: 0.6248 last known on 03-01-2023 at 21:42 UTC+1
Investment horizon: INTRADAY