Our pivot point stands at 0.8801.
Our preference: the downside prevails as long as 0.8801 is resistance.
Alternative scenario: the upside breakout of 0.8801, would call for 0.8824 and 0.8838.
Comment: the RSI is below 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the price stands below its 20 and 50 period moving average (respectively at 0.8798 and 0.8805).
Supports and resistances:
0.8838 **
0.8824 *
0.8801 **
0.8792
0.8775 last
0.8747
0.8733 **
0.8719 *
0.8706 **
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 11:16 UTC+1
Price reference: 0.8775 last known on 03-22-2023 at 11:16 UTC+1
Investment horizon: INTRADAY