Our pivot point is at 90.12.
Our preference: the downside prevails as long as 90.12 is resistance.
Alternative scenario: the upside breakout of 90.12, would call for 90.55 and 90.81.
Comment: the RSI is below its neutrality area at 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the price stands below its 20 and 50 period moving average (respectively at 89.77 and 89.79).
Supports and resistances:
90.81 **
90.55 *
90.12 **
89.95
89.69 last
89.17
88.92 **
88.66 *
88.40 **
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 04-14-2023 at 12:18 UTC+1
Price reference: 89.69 last known on 04-14-2023 at 12:18 UTC+1
Investment horizon: INTRADAY