Pivot: 1.0930
Our preference: long positions above 1.0930 with targets at 1.0975 & 1.1000 in extension.
Alternative scenario: below 1.0930 look for further downside with 1.0910 & 1.0885 as targets.
Comment: even though a continuation of the consolidation cannot be ruled out, its extent should be limited.
Supports and resistances:
1.1020
1.1000
1.0975
1.0954 Last
1.0930
1.0910
1.0885
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 04-05-2023 at 07:18 UTC+1
Price reference: 1.0954 last known on 04-05-2023 at 07:18 UTC+1
Investment horizon: INTRADAY