166.80 is our pivot point.
Our preference: target 165.11.
Alternative scenario: above 166.80, look for 167.43 and 167.81.
Comment: the RSI is below its neutrality area at 50. The MACD is below its signal line and positive. The MACD must penetrate its zero line to expect further downside. Moreover, the pair is trading under its 20 period moving average (166.30) but above its 50 period moving average (166.24).
Supports and resistances:
167.81 **
167.43 *
166.80 **
166.55
166.28 last
165.48
165.11 **
164.73 *
164.35 **
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 04-18-2023 at 03:07 UTC+1
Price reference: 166.28 last known on 04-18-2023 at 03:07 UTC+1
Investment horizon: INTRADAY