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