Our pivot point is at 134.00.
Our preference: as long as 134 is support look for 135.35.
Alternative scenario: the downside breakout of 134 would call for 133.48 and 133.18.
Comment: the RSI is above its neutrality area at 50. The MACD is below its signal line and positive. The pair could retrace. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 134.28 and 134.06).
Supports and resistances:
135.96 **
135.65 *
135.35 **
135.04
134.42 last
134.20
134.00 **
133.48 *
133.18 **
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 04-17-2023 at 22:00 UTC+1
Price reference: 134.42 last known on 04-17-2023 at 22:00 UTC+1
Investment horizon: INTRADAY