Pivot: 1.2235
Our preference: long positions above 1.2235 with targets at 1.2300 & 1.2330 in extension.
Alternative scenario: below 1.2235 look for further downside with 1.2200 & 1.2165 as targets.
Comment: even though a continuation of the consolidation cannot be ruled out, its extent should be limited.
Supports and resistances:
1.2360
1.2330
1.2300
1.2259 Last
1.2235
1.2200
1.2165
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 05:09 UTC+1
Price reference: 1.2259 last known on 03-21-2023 at 05:09 UTC+1
Investment horizon: INTRADAY