Our pivot point is at 0.9252.
Our preference: our next up target stands at 0.9307.
Alternative scenario: below 0.9252, expect 0.9232 and 0.9220.
Comment: the RSI is above its neutrality area at 50. The MACD is above its signal line and negative. The MACD must break above its zero level to trigger further gains. Moreover, the pair is trading under its 20 period moving average (0.9271) but above its 50 period moving average (0.9267).
Supports and resistances:
0.9331 **
0.9319 *
0.9307 **
0.9295
0.9270 last
0.9260
0.9252 **
0.9232 *
0.9220 **
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 18:38 UTC+1
Price reference: 0.9270 last known on 03-20-2023 at 18:38 UTC+1
Investment horizon: INTRADAY