Pivot: 1.0570
Our preference: long positions above 1.0570 with targets at 1.0620 & 1.0635 in extension.
Alternative scenario: below 1.0570 look for further downside with 1.0550 & 1.0530 as targets.
Comment: even though a continuation of the consolidation cannot be ruled out, its extent should be limited.
Supports and resistances:
1.0655
1.0635
1.0620
1.0588 Last
1.0570
1.0550
1.0530
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 02-28-2023 at 07:07 UTC+1
Price reference: 1.0588 last known on 02-28-2023 at 07:07 UTC+1
Investment horizon: INTRADAY