Our pivot point stands at 89.00.
Our preference: the downside prevails as long as 89 is resistance.
Alternative scenario: the upside breakout of 89, would call for 89.36 and 89.58.
Comment: the RSI is below its neutrality area at 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the price stands below its 20 and 50 period moving average (respectively at 88.82 and 89.06).
Supports and resistances:
89.58 **
89.36 *
89.00 **
88.86
88.59 last
88.13
87.92 **
87.70 *
87.49 **
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 04-03-2023 at 03:13 UTC+1
Price reference: 88.59 last known on 04-03-2023 at 03:13 UTC+1
Investment horizon: INTRADAY