Our pivot point stands at 99.66.
Our preference: as long as 99.66 is support look for 100.72.
Alternative scenario: below 99.66, expect 99.29 and 99.06.
Comment: the RSI is above its neutrality area at 50. The MACD is positive and below its signal line. The pair could retrace. Moreover, the price is above its 20 and 50 period moving average (respectively at 99.97 and 99.82).
Supports and resistances:
101.16 **
100.94 *
100.72 **
100.49
100.01 last
99.80
99.66 **
99.29 *
99.06 **
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 03-08-2023 at 10:59 UTC+1
Price reference: 100.01 last known on 03-08-2023 at 10:59 UTC+1
Investment horizon: INTRADAY