Our pivot point is at 1.2341.
Our preference: the upside prevails as long as 1.2341 is support.
Alternative scenario: the downside breakout of 1.2341 would call for 1.2297 and 1.2271.
Comment: the RSI is above 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the price is above its 20 and 50 period moving average (respectively at 1.2363 and 1.2333).
Supports and resistances:
1.2511 **
1.2485 *
1.2459 **
1.2433
1.2381 last
1.2358
1.2341 **
1.2297 *
1.2271 **
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 03-30-2023 at 19:46 UTC+1
Price reference: 1.2381 last known on 03-30-2023 at 19:46 UTC+1
Investment horizon: INTRADAY