1.7901 is our pivot point.
Our preference: our next up target stands at 1.8069.
Alternative scenario: below 1.7901, expect 1.7842 and 1.7807.
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 call for further upside. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 1.7928 and 1.7941).
Supports and resistances:
1.8139 **
1.8104 *
1.8069 **
1.8033
1.7958 last
1.7924
1.7901 **
1.7842 *
1.7807 **
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: 1.7958 last known on 03-08-2023 at 19:29 UTC+1
Investment horizon: INTRADAY