Our pivot point stands at 82.99.
Our preference: as long as 82.99 is support look for 83.89.
Alternative scenario: the downside breakout of 82.99 would call for 82.67 and 82.48.
Comment: the RSI is above 50. The MACD is below its signal line and positive. The pair could retrace. Moreover, the price is below its 20 period moving average (83.34) but above its 50 period moving average (83.14).
Supports and resistances:
84.27 **
84.08 *
83.89 **
83.70
83.29 last
83.12
82.99 **
82.67 *
82.48 **
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 19:30 UTC+1
Price reference: 83.29 last known on 04-03-2023 at 19:30 UTC+1
Investment horizon: INTRADAY