Our pivot point is at 1.2231.
Our preference: the upside prevails as long as 1.2231 is support.
Alternative scenario: below 1.2231, expect 1.2182 and 1.2153.
Comment: the RSI is above 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the price is above its 20 and 50 period moving average (respectively at 1.2267 and 1.2248).
Supports and resistances:
1.2428 **
1.2399 *
1.2370 **
1.2340
1.2277 last
1.2251
1.2231 **
1.2182 *
1.2153 **
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 03-27-2023 at 20:03 UTC+1
Price reference: 1.2277 last known on 03-27-2023 at 20:03 UTC+1
Investment horizon: INTRADAY