Our pivot point is at 143.40.
Our preference: as long as 143.40 is support look for 145.12.
Alternative scenario: the downside breakout of 143.40 would call for 142.74 and 142.36.
Comment: the RSI is above 70. It could mean either that the pair is in a lasting uptrend or just overbought and therefore bound to correct (look for bearish divergence in this case). The MACD is below its signal line and positive. The pair could retrace. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 143.61 and 142.93).
Supports and resistances:
145.89 **
145.51 *
145.12 **
144.73
143.93 last
143.65
143.40 **
142.74 *
142.36 **
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 21:36 UTC+1
Price reference: 143.93 last known on 03-29-2023 at 21:36 UTC+1
Investment horizon: INTRADAY