Our pivot point is at 1.0945.
Our preference: as long as 1.0945 is support look for 1.1030.
Alternative scenario: the downside breakout of 1.0945 would call for 1.0912 and 1.0893.
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 both its 20 and 50 period moving average (respectively at 1.0966 and 1.0950).
Supports and resistances:
1.1068 **
1.1049 *
1.1030 **
1.1010
1.0972 last
1.0957
1.0945 **
1.0912 *
1.0893 **
Head of Research at TRADING CENTRAL: Rémy GAUSSENS
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Written on 04-18-2023 at 21:36 UTC+1
Price reference: 1.0972 last known on 04-18-2023 at 21:36 UTC+1
Investment horizon: INTRADAY
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