Our pivot point is at 1.7008.
Our preference: our next up target stands at 1.7164.
Alternative scenario: the downside breakout of 1.7008 would call for 1.6951 and 1.6917.
Comment: the RSI is above its neutrality area at 50. The MACD is above its signal line and negative. The MACD must break above its zero level to trigger further gains. Moreover, the price is above its 20 and 50 period moving average (respectively at 1.7056 and 1.7057).
Supports and resistances:
1.7231 **
1.7197 *
1.7164 **
1.7130
1.7060 last
1.7030
1.7008 **
1.6951 *
1.6917 **
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 03-02-2023 at 00:12 UTC+1
Price reference: 1.7060 last known on 03-02-2023 at 00:12 UTC+1
Investment horizon: INTRADAY