Our pivot point is at 1.7475.
Our preference: rebound towards 1.7647.
Alternative scenario: the downside breakout of 1.7475 would call for 1.7413 and 1.7376.
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 1.7529 and 1.7598).
Supports and resistances:
1.7721 **
1.7684 *
1.7647 **
1.7610
1.7524 last
1.7499
1.7475 **
1.7413 *
1.7376 **
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 04-14-2023 at 03:55 UTC+1
Price reference: 1.7524 last known on 04-14-2023 at 03:55 UTC+1
Investment horizon: INTRADAY