Our pivot point stands at 1.3443.
Our preference: under pressure below 1.3443.
Alternative scenario: the upside breakout of 1.3443, would call for 1.3474 and 1.3492.
Comment: the RSI is below its neutrality area at 50. The MACD is below its signal line and positive. The MACD must penetrate its zero line to expect further downside. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 1.3415 and 1.3416).
Supports and resistances:
1.3492 **
1.3474 *
1.3443 **
1.3430
1.3411 last
1.3372
1.3353 **
1.3335 *
1.3316 **
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 03-20-2023 at 11:21 UTC+1
Price reference: 1.3411 last known on 03-20-2023 at 11:21 UTC+1
Investment horizon: INTRADAY