Our pivot point stands at 1.0696.
Our preference: the upside prevails as long as 1.0696 is support.
Alternative scenario: the downside breakout of 1.0696 would call for 1.0663 and 1.0643.
Comment: the RSI is above its neutrality area at 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 1.0702 and 1.0684).
Supports and resistances:
1.0824 **
1.0804 *
1.0784 **
1.0764
1.0725 last
1.0709
1.0696 **
1.0663 *
1.0643 **
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 18:39 UTC+1
Price reference: 1.0725 last known on 03-20-2023 at 18:39 UTC+1
Investment horizon: INTRADAY