Our pivot point is at 1.0830.


Our preference: target 1.0750.


Alternative scenario: the upside breakout of 1.0830, would call for 1.0860 and 1.0880.


Comment: the RSI is below its neutrality area at 50. The MACD is below its signal line and positive. The MACD must penetrate its zero line to expect further downside. Moreover, the pair is trading under its 20 period moving average (1.0817) but above its 50 period moving average (1.0800).


Supports and resistances:


1.0880 **


1.0860 *


1.0830 **


1.0820


1.0808 last


1.0770


1.0750 **


1.0730 *


1.0710 **


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 04-17-2023 at 10:41 UTC+1


Price reference: 1.0808 last known on 04-17-2023 at 10:41 UTC+1


Investment horizon: INTRADAY