104.78 is our pivot point.
Our preference: the downside prevails as long as 104.78 is resistance.
Alternative scenario: the upside breakout of 104.78, would call for 105.12 and 105.32.
Comment: the RSI is below 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 104.68 and 104.79).
Supports and resistances:
105.32 **
105.12 *
104.78 **
104.65
104.50 last
104.09
103.88 **
103.68 *
103.48 **
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 21:58 UTC+1
Price reference: 104.5000 last known on 03-03-2023 at 21:58 UTC+1
Investment horizon: INTRADAY