Our pivot point stands at 1.6232.
Our preference: eye 1.6093.
Alternative scenario: the upside breakout of 1.6232, would call for 1.6279 and 1.6307.
Comment: the RSI is below 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the price is below its 20 period moving average (1.6196) but above its 50 period moving average (1.6179).
Supports and resistances:
1.6307 **
1.6279 *
1.6232 **
1.6213
1.6185 last
1.6121
1.6093 **
1.6065 *
1.6036 **
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 10:34 UTC+1
Price reference: 1.6185 last known on 03-23-2023 at 10:34 UTC+1
Investment horizon: INTRADAY