Our pivot point stands at 1.7048.
Our preference: the upside prevails as long as 1.7048 is support.
Alternative scenario: the downside breakout of 1.7048 would call for 1.6991 and 1.6958.
Comment: the RSI is above 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the price is above its 20 and 50 period moving average (respectively at 1.7069 and 1.7051).
Supports and resistances:
1.7267 **
1.7233 *
1.7200 **
1.7166
1.7096 last
1.7070
1.7048 **
1.6991 *
1.6958 **
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 03-03-2023 at 19:46 UTC+1
Price reference: 1.7096 last known on 03-03-2023 at 19:46 UTC+1
Investment horizon: INTRADAY