Pivot: 1.0690
Our preference: long positions above 1.0690 with targets at 1.0735 & 1.0760 in extension.
Alternative scenario: below 1.0690 look for further downside with 1.0660 & 1.0630 as targets.
Comment: even though a continuation of the consolidation cannot be ruled out, its extent should be limited.
Supports and resistances:
1.0780
1.0760
1.0735
1.0714 Last
1.0690
1.0660
1.0630
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 05:07 UTC+1
Price reference: 1.0714 last known on 03-21-2023 at 05:07 UTC+1
Investment horizon: INTRADAY