1.6241 is our pivot point.
Our preference: rebound towards 1.6389.
Alternative scenario: below 1.6241, expect 1.6188 and 1.6156.
Comment: the RSI is below its neutrality area at 50. The MACD is above its signal line and negative. The configuration is mixed. Moreover, the price stands above its 20 period moving average (1.6284) but below its 50 period moving average (1.6312).
Supports and resistances:
1.6453 **
1.6421 *
1.6389 **
1.6356
1.6286 last
1.6263
1.6241 **
1.6188 *
1.6156 **
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 04-18-2023 at 10:48 UTC+1
Price reference: 1.6286 last known on 04-18-2023 at 10:48 UTC+1
Investment horizon: INTRADAY