Our pivot point stands at 91.56.
Our preference: look for a drop towards 91.56 before a bounce.
Alternative scenario: the downside breakout of 91.56 would call for 91.14 and 90.89.
Comment: the RSI is above 50. The MACD is negative and below its signal line. The penetration of 50 on the RSI should trigger further losses. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 91.99 and 91.93).
Supports and resistances:
93.27 **
93.02 *
92.77 **
92.52
92.01 last
91.73
91.56 **
91.14 *
90.89 **
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 12:16 UTC+1
Price reference: 92.01 last known on 03-02-2023 at 12:16 UTC+1
Investment horizon: INTRADAY