1.2187 is our pivot point.
Our preference: rebound towards 1.2320.
Alternative scenario: the downside breakout of 1.2187 would call for 1.2138 and 1.2108.
Comment: the RSI is below its neutrality area at 50. The MACD is negative and above its signal line. The configuration is mixed. Moreover, the price stands above its 20 period moving average (1.2220) but below its 50 period moving average (1.2252).
Supports and resistances:
1.2378 **
1.2349 *
1.2320 **
1.2291
1.2227 last
1.2206
1.2187 **
1.2138 *
1.2108 **
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 03-24-2023 at 21:05 UTC+1
Price reference: 1.2227 last known on 03-24-2023 at 21:05 UTC+1
Investment horizon: INTRADAY