Our pivot point stands at 100.02.
Our preference: as long as 100.02 is support look for 101.36.
Alternative scenario: the downside breakout of 100.02 would call for 99.52 and 99.22.
Comment: the RSI is above its neutrality area at 50. The MACD is positive and below its signal line. The pair could retrace. Moreover, the price is below its 20 period moving average (100.42) but above its 50 period moving average (100.35).
Supports and resistances:
101.95 **
101.65 *
101.36 **
101.06
100.42 last
100.21
100.02 **
99.52 *
99.22 **
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 10:47 UTC+1
Price reference: 100.42 last known on 04-18-2023 at 10:47 UTC+1
Investment horizon: INTRADAY