Our pivot point stands at 1.2496.
Our preference: the upside prevails as long as 1.2496 is support.
Alternative scenario: the downside breakout of 1.2496 would call for 1.2457 and 1.2434.
Comment: the RSI is above its neutrality area at 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 1.2519 and 1.2501).
Supports and resistances:
1.2648 **
1.2625 *
1.2602 **
1.2579
1.2532 last
1.2512
1.2496 **
1.2457 *
1.2434 **
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 04-13-2023 at 20:04 UTC+1
Price reference: 1.2532 last known on 04-13-2023 at 20:04 UTC+1
Investment horizon: INTRADAY