Pivot: 1.0480
Our preference: long positions above 1.0480 with targets at 1.0800 & 1.1035 in extension.
Alternative scenario: below 1.0480 look for further downside with 1.0220 & 1.0000 as targets.
Comment: the RSI lacks downward momentum.
Supports and resistances:
1.1130 **
1.1035 ***
1.0800 ***
1.0633 Last
1.0480 ***
1.0220 **
1.0000 **
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 03-01-2023 at 06:46 UTC+1
Price reference: 1.0633 last known on 03-01-2023 at 06:46 UTC+1
Investment horizon: ST