Our pivot point stands at 1.2283.
Our preference: eye 1.2144.
Alternative scenario: above 1.2283, look for 1.2332 and 1.2361.
Comment: the RSI is below 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the pair is trading under its 20 period moving average (1.2260) but above its 50 period moving average (1.2236).
Supports and resistances:
1.2361 **
1.2332 *
1.2283 **
1.2263
1.2243 last
1.2173
1.2144 **
1.2114 *
1.2085 **
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 18:41 UTC+1
Price reference: 1.2243 last known on 03-22-2023 at 18:41 UTC+1
Investment horizon: INTRADAY