Our pivot point stands at 103.23.
Our preference: the downside prevails as long as 103.23 is resistance.
Alternative scenario: above 103.23, look for 103.55 and 103.74.
Comment: the RSI is below its neutrality area at 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the price stands below its 20 and 50 period moving average (respectively at 103.17 and 103.38).
Supports and resistances:
103.74 **
103.55 *
103.23 **
103.11
102.97 last
102.54
102.35 **
102.16 *
101.97 **
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 03-20-2023 at 18:39 UTC+1
Price reference: 102.9700 last known on 03-20-2023 at 18:39 UTC+1
Investment horizon: INTRADAY