Our pivot point stands at 92.43.
Our preference: target 91.27.
Alternative scenario: the upside breakout of 92.43, would call for 92.85 and 93.10.
Comment: the RSI is below its neutrality area at 50. The MACD is positive and below its signal line. The MACD must penetrate its zero line to expect further downside. Moreover, the pair is trading under its 20 period moving average (92.12) but above its 50 period moving average (92.04).
Supports and resistances:
93.10 **
92.85 *
92.43 **
92.27
92.06 last
91.52
91.27 **
91.02 *
90.77 **
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 03-03-2023 at 12:13 UTC+1
Price reference: 92.06 last known on 03-03-2023 at 12:13 UTC+1
Investment horizon: INTRADAY