Our pivot point stands at 0.6197.
Our preference: as long as 0.6197 is support look for 0.6276.
Alternative scenario: the downside breakout of 0.6197 would call for 0.6168 and 0.6152.
Comment: the RSI is above 50. The MACD is below its signal line and positive. The pair could retrace. Moreover, the price is above its 20 and 50 period moving average (respectively at 0.6223 and 0.6211).
Supports and resistances:
0.6309 **
0.6292 *
0.6276 **
0.6259
0.6224 last
0.6208
0.6197 **
0.6168 *
0.6152 **
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 03-23-2023 at 00:10 UTC+1
Price reference: 0.6224 last known on 03-23-2023 at 00:10 UTC+1
Investment horizon: INTRADAY