Our pivot point stands at 81.97.
Our preference: as long as 81.97 is support look for 82.84.
Alternative scenario: the downside breakout of 81.97 would call for 81.65 and 81.46.
Comment: the RSI is above 50. The MACD is positive and below its signal line. The pair could retrace. Moreover, the price is below its 20 period moving average (82.31) but above its 50 period moving average (81.94).
Supports and resistances:
83.22 **
83.03 *
82.84 **
82.65
82.24 last
82.09
81.97 **
81.65 *
81.46 **
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 03-29-2023 at 11:40 UTC+1
Price reference: 82.24 last known on 03-29-2023 at 11:40 UTC+1
Investment horizon: INTRADAY