Our pivot point stands at 1.2242.
Our preference: the upside prevails as long as 1.2242 is support.
Alternative scenario: below 1.2242, expect 1.2193 and 1.2164.
Comment: the RSI is above its neutrality area at 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 1.2263 and 1.2244).
Supports and resistances:
1.2461 **
1.2431 *
1.2402 **
1.2373
1.2286 last
1.2262
1.2242 **
1.2193 *
1.2164 **
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 21:02 UTC+1
Price reference: 1.2286 last known on 03-22-2023 at 21:02 UTC+1
Investment horizon: INTRADAY