Our pivot point stands at 0.6252.
Our preference: as long as 0.6252 is support look for 0.6336.
Alternative scenario: the downside breakout of 0.6252 would call for 0.6223 and 0.6206.
Comment: the RSI is above 50. The MACD is positive and below its signal line. The pair could retrace. Moreover, the price is above its 20 and 50 period moving average (respectively at 0.6268 and 0.6239).
Supports and resistances:
0.6370 **
0.6353 *
0.6336 **
0.6319
0.6277 last
0.6263
0.6252 **
0.6223 *
0.6206 **
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 10:28 UTC+1
Price reference: 0.6277 last known on 03-23-2023 at 10:28 UTC+1
Investment horizon: INTRADAY