Our pivot point is at 1.1787.
Our preference: our next up target stands at 1.1928.
Alternative scenario: the downside breakout of 1.1787 would call for 1.1739 and 1.1711.
Comment: the RSI is above 50. The MACD is negative and above its signal line. The MACD must break above its zero level to call for further upside. Moreover, the price is above its 20 and 50 period moving average (respectively at 1.1835 and 1.1830).
Supports and resistances:
1.1985 **
1.1956 *
1.1928 **
1.1899
1.1839 last
1.1806
1.1787 **
1.1739 *
1.1711 **
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 03-08-2023 at 19:29 UTC+1
Price reference: 1.1839 last known on 03-08-2023 at 19:29 UTC+1
Investment horizon: INTRADAY