Our pivot point stands at 6.9243.
Our preference: rebound.
Alternative scenario: below 6.9243, expect 6.9039 and 6.8917.
Comment: the RSI is above its neutrality area at 50. The MACD is negative and above its signal line. The MACD must break above its zero level to trigger further gains. Moreover, the price is trading above its 20 period moving average (6.9404) but under its 50 period moving average (6.9430).
Supports and resistances:
7.0053 **
6.9932 *
6.9810 **
6.9688
6.9407 last
6.9324
6.9243 **
6.9039 *
6.8917 **
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 12:06 UTC+1
Price reference: 6.9407 last known on 03-07-2023 at 12:06 UTC+1
Investment horizon: INTRADAY