Our pivot point stands at 1.7293.
Our preference: rebound towards 1.7439.
Alternative scenario: the downside breakout of 1.7293 would call for 1.7240 and 1.7208.
Comment: the RSI is below 50. The MACD is above its signal line and negative. The configuration is mixed. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 1.7341 and 1.7379).
Supports and resistances:
1.7502 **
1.7471 *
1.7439 **
1.7408
1.7338 last
1.7314
1.7293 **
1.7240 *
1.7208 **
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 18:35 UTC+1
Price reference: 1.7338 last known on 03-23-2023 at 18:35 UTC+1
Investment horizon: INTRADAY