Our pivot point is at 1.7300.


Our preference: under pressure below 1.7300.


Alternative scenario: the upside breakout of 1.7300, would call for 1.7352 and 1.7384.


Comment: the RSI is below its neutrality area at 50. The MACD is positive and below its signal line. The MACD must penetrate its zero line to expect further downside. Moreover, the price stands below its 20 and 50 period moving average (respectively at 1.7258 and 1.7255).


Supports and resistances:


1.7384 **


1.7352 *


1.7300 **


1.7279


1.7253 last


1.7191


1.7159 **


1.7128 *


1.7097 **


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 03-09-2023 at 00:41 UTC+1


Price reference: 1.7253 last known on 03-09-2023 at 00:41 UTC+1


Investment horizon: INTRADAY