Our pivot point is at 6.9152.
Our preference: the downside prevails as long as 6.9152 is resistance.
Alternative scenario: the upside breakout of 6.9152, would call for 6.9310 and 6.9403.
Comment: the RSI is below 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 6.9083 and 6.9101).
Supports and resistances:
6.9403 **
6.9310 *
6.9152 **
6.9091
6.9023 last
6.8806
6.8712 **
6.8619 *
6.8525 **
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 19:45 UTC+1
Price reference: 6.9023 last known on 03-03-2023 at 19:45 UTC+1
Investment horizon: INTRADAY