131.17 is our pivot point.
Our preference: the downside prevails as long as 131.17 is resistance.
Alternative scenario: the upside breakout of 131.17, would call for 131.69 and 132.
Comment: the RSI is below its neutrality area at 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the price stands below its 20 and 50 period moving average (respectively at 130.94 and 131.05).
Supports and resistances:
132.00 **
131.69 *
131.17 **
130.96
130.75 last
130.12
129.81 **
129.50 *
129.19 **
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 03-28-2023 at 19:40 UTC+1
Price reference: 130.75 last known on 03-28-2023 at 19:40 UTC+1
Investment horizon: INTRADAY