Pivot: 1.2340
Our preference: long positions above 1.2340 with targets at 1.2420 & 1.2445 in extension.
Alternative scenario: below 1.2340 look for further downside with 1.2305 & 1.2270 as targets.
Comment: the RSI shows upside momentum.
Supports and resistances:
1.2470
1.2445
1.2420
1.2388 Last
1.2340
1.2305
1.2270
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 16:05 UTC+1
Price reference: 1.2388 last known on 04-03-2023 at 16:05 UTC+1
Investment horizon: INTRADAY