Our pivot point stands at 0.8854.
Our preference: as long as 0.8854 is support look for 0.8922.
Alternative scenario: below 0.8854, expect 0.8833 and 0.8820.
Comment: the RSI is above 50. The MACD is below its signal line and positive. The pair could retrace. Moreover, the price is above its 20 and 50 period moving average (respectively at 0.8878 and 0.8858).
Supports and resistances:
0.8948 **
0.8935 *
0.8922 **
0.8909
0.8880 last
0.8863
0.8854 **
0.8833 *
0.8820 **
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 03-07-2023 at 00:08 UTC+1
Price reference: 0.8880 last known on 03-07-2023 at 00:08 UTC+1
Investment horizon: INTRADAY