105.34 is our pivot point.
Our preference: as long as 105.34 is support look for 106.33.
Alternative scenario: the downside breakout of 105.34 would call for 105.00 and 104.79.
Comment: the RSI is above 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 105.64 and 105.60).
Supports and resistances:
106.74 **
106.54 *
106.33 **
106.13
105.64 last
105.48
105.34 **
105.00 *
104.79 **
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 19:35 UTC+1
Price reference: 105.6400 last known on 03-08-2023 at 19:35 UTC+1
Investment horizon: INTRADAY