Our pivot point stands at 161.22.
Our preference: as long as 161.22 is support look for 163.10.
Alternative scenario: the downside breakout of 161.22 would call for 160.52 and 160.10.
Comment: the RSI is above 50. The MACD is below its signal line and positive. The pair could retrace. Moreover, the pair is trading under its 20 period moving average (161.82) but above its 50 period moving average (161.60).
Supports and resistances:
163.93 **
163.52 *
163.10 **
162.68
161.81 last
161.49
161.22 **
160.52 *
160.10 **
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 03-22-2023 at 04:08 UTC+1
Price reference: 161.81 last known on 03-22-2023 at 04:08 UTC+1
Investment horizon: INTRADAY