Our pivot point stands at 0.8789.
Our preference: as long as 0.8789 is support look for 0.8851.
Alternative scenario: below 0.8789, expect 0.8766 and 0.8752.
Comment: the RSI is above its neutrality area at 50. The MACD is below its signal line and positive. The pair could retrace. Moreover, the price is below its 20 period moving average (0.8813) but above its 50 period moving average (0.8793).
Supports and resistances:
0.8878 **
0.8865 *
0.8851 **
0.8837
0.8809 last
0.8798
0.8789 **
0.8766 *
0.8752 **
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 03-22-2023 at 04:07 UTC+1
Price reference: 0.8809 last known on 03-22-2023 at 04:07 UTC+1
Investment horizon: INTRADAY