Our pivot point is at 161.51.
Our preference: eye 159.60.
Alternative scenario: the upside breakout of 161.51, would call for 162.22 and 162.64.
Comment: the RSI is below 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the pair is trading under its 20 period moving average (161.17) but above its 50 period moving average (160.82).
Supports and resistances:
162.64 **
162.22 *
161.51 **
161.23
160.90 last
160.02
159.60 **
159.18 *
158.75 **
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 04:40 UTC+1
Price reference: 160.90 last known on 03-21-2023 at 04:40 UTC+1
Investment horizon: INTRADAY