Our pivot point stands at 1.0656.
Our preference: look for a drop towards 1.0656 before a bounce.
Alternative scenario: below 1.0656, expect 1.0619 and 1.0597.
Comment: the RSI is above 50. The MACD is positive and below its signal line. The pair could retrace. Moreover, the price is trading above its 20 period moving average (1.0685) but under its 50 period moving average (1.0686).
Supports and resistances:
1.0797 **
1.0775 *
1.0753 **
1.0731
1.0686 last
1.0671
1.0656 **
1.0619 *
1.0597 **
Head of Research at TRADING CENTRAL: Rémy GAUSSENS
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Written on 02-20-2023 at 21:36 UTC+1
Price reference: 1.0686 last known on 02-20-2023 at 21:36 UTC+1
Investment horizon: INTRADAY
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