Our pivot point is at 140.45.
Our preference: as long as 140.45 is support look for 141.96.
Alternative scenario: below 140.45, expect 139.91 and 139.59.
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 trading above both its 20 and 50 period moving average (respectively at 140.88 and 140.73).
Supports and resistances:
142.61 **
142.28 *
141.96 **
141.64
140.96 last
140.67
140.45 **
139.91 *
139.59 **
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 20:58 UTC+1
Price reference: 140.96 last known on 03-20-2023 at 20:58 UTC+1
Investment horizon: INTRADAY