Our pivot point stands at 1.9655.
Our preference: the upside prevails as long as 1.9655 is support.
Alternative scenario: below 1.9655, expect 1.9580 and 1.9535.
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 both its 20 and 50 period moving average (respectively at 1.9698 and 1.9683).
Supports and resistances:
1.9956 **
1.9911 *
1.9867 **
1.9822
1.9729 last
1.9685
1.9655 **
1.9580 *
1.9535 **
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 03-24-2023 at 21:06 UTC+1
Price reference: 1.9729 last known on 03-24-2023 at 21:06 UTC+1
Investment horizon: INTRADAY