Our pivot point is at 0.8922.
Our preference: the downside prevails as long as 0.8922 is resistance.
Alternative scenario: the upside breakout of 0.8922, would call for 0.8945 and 0.8959.
Comment: the RSI is below its neutrality area at 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 0.8908 and 0.8909).
Supports and resistances:
0.8959 **
0.8945 *
0.8922 **
0.8912
0.8901 last
0.8873
0.8859 **
0.8845 *
0.8831 **
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 00:40 UTC+1
Price reference: 0.8901 last known on 03-09-2023 at 00:40 UTC+1
Investment horizon: INTRADAY