Our pivot point stands at 0.8733.
Our preference: look for a drop towards 0.8733 before a bounce.
Alternative scenario: below 0.8733, expect 0.8709 and 0.8695.
Comment: the RSI is above its neutrality area at 50. The MACD is negative and below its signal line. The penetration of 50 on the RSI would call for further downside. Moreover, the price is above its 20 and 50 period moving average (respectively at 0.8755 and 0.8757).
Supports and resistances:
0.8831 **
0.8817 *
0.8803 **
0.8788
0.8759 last
0.8743
0.8733 **
0.8709 *
0.8695 **
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 11:20 UTC+1
Price reference: 0.8759 last known on 03-20-2023 at 11:20 UTC+1
Investment horizon: INTRADAY