130.89 is our pivot point.
Our preference: rebound towards 132.53.
Alternative scenario: the downside breakout of 130.89 would call for 130.31 and 129.97.
Comment: the RSI is below 50. The MACD is negative and above its signal line. The configuration is mixed. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 131.47 and 131.66).
Supports and resistances:
133.22 **
132.88 *
132.53 **
132.19
131.46 last
131.12
130.89 **
130.31 *
129.97 **
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 21:01 UTC+1
Price reference: 131.46 last known on 03-20-2023 at 21:01 UTC+1
Investment horizon: INTRADAY