Our pivot point stands at 1.9701.
Our preference: technical rebound towards 1.9701 before a new drop.
Alternative scenario: above 1.9701, look for 1.9776 and 1.9820.
Comment: the RSI is above 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the price is trading above its 20 period moving average (1.9617) but under its 50 period moving average (1.9639).
Supports and resistances:
1.9820 **
1.9776 *
1.9701 **
1.9671
1.9637 last
1.9545
1.9501 **
1.9456 *
1.9412 **
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 21:08 UTC+1
Price reference: 1.9637 last known on 03-23-2023 at 21:08 UTC+1
Investment horizon: INTRADAY