Our pivot point stands at 105.0.
Our preference: the downside prevails as long as 105 is resistance.
Alternative scenario: above 105, look for 108.2 and 110.1.
Comment: the RSI is below 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the price stands below its 20 and 50 period moving average (respectively at 104.6 and 103.8).
Supports and resistances:
110.1 **
108.2 *
105.0 **
103.7
102.1 last
98.0
96.1 **
94.2 *
92.3 **
Head of Research at TRADING CENTRAL: Rémy GAUSSENS
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Written on 04-03-2024 at 09:01 UTC+1
Price reference: 102.1 last known on 04-03-2024 at 09:01 UTC+1
Investment horizon: INTRADAY
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