Pivot: 1.2000
Our preference: long positions above 1.2000 with targets at 1.2050 & 1.2070 in extension.
Alternative scenario: below 1.2000 look for further downside with 1.1980 & 1.1960 as targets.
Comment: even though a continuation of the consolidation cannot be ruled out, its extent should be limited.
Supports and resistances:
1.2090
1.2070
1.2050
1.2022 Last
1.2000
1.1980
1.1960
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 03-07-2023 at 00:51 UTC+1
Price reference: 1.2022 last known on 03-07-2023 at 00:51 UTC+1
Investment horizon: INTRADAY