Our pivot point is at 88.01.
Our preference: as long as 88.01 is support look for 88.97.
Alternative scenario: the downside breakout of 88.01 would call for 87.66 and 87.45.
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 88.33 and 88.22).
Supports and resistances:
89.39 **
89.18 *
88.97 **
88.76
88.33 last
88.15
88.01 **
87.66 *
87.45 **
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 03-21-2023 at 00:07 UTC+1
Price reference: 88.33 last known on 03-21-2023 at 00:07 UTC+1
Investment horizon: INTRADAY