Our pivot point stands at 91.50.
Our preference: as long as 91.50 is support look for 92.72.
Alternative scenario: the downside breakout of 91.50 would call for 91.08 and 90.83.
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 below its 20 period moving average (91.95) but above its 50 period moving average (91.93).
Supports and resistances:
93.22 **
92.97 *
92.72 **
92.47
91.94 last
91.67
91.50 **
91.08 *
90.83 **
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 03-02-2023 at 03:17 UTC+1
Price reference: 91.94 last known on 03-02-2023 at 03:17 UTC+1
Investment horizon: INTRADAY