Our pivot point stands at 0.8711.
Our preference: rebound towards 0.8776.
Alternative scenario: the downside breakout of 0.8711 would call for 0.8687 and 0.8673.
Comment: the RSI is below its neutrality area at 50. The MACD is negative and above its signal line. The configuration is mixed. Moreover, the price stands below its 20 and 50 period moving average (respectively at 0.8737 and 0.8748).
Supports and resistances:
0.8804 **
0.8790 *
0.8776 **
0.8761
0.8732 last
0.8721
0.8711 **
0.8687 *
0.8673 **
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 03-21-2023 at 00:08 UTC+1
Price reference: 0.8732 last known on 03-21-2023 at 00:08 UTC+1
Investment horizon: INTRADAY