Our pivot point stands at 1.3160.
Our preference: rebound towards 1.3661.
Alternative scenario: the downside breakout of 1.3160 would call for 1.2975 and 1.2865.
Comment: the RSI is below 50. The MACD is negative and above its signal line. The configuration is mixed. Moreover, the price stands below its 20 and 50 period moving average (respectively at 1.3323 and 1.3353).
Supports and resistances:
1.3881 **
1.3771 *
1.3661 **
1.3550
1.3311 last
1.3232
1.3160 **
1.2975 *
1.2865 **
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 04-11-2023 at 10:44 UTC+1
Price reference: 1.3311 last known on 04-11-2023 at 10:44 UTC+1
Investment horizon: ST