Our pivot point is at 1557.
Our preference: rebound towards 1660.
Alternative scenario: the downside breakout of 1557 would call for 1519 and 1497.
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 is trading above its 20 period moving average (1590) but under its 50 period moving average (1608).
Supports and resistances:
1705 **
1682 *
1660 **
1637
1592 last
1572
1557 **
1519 *
1497 **
Head of Research at TRADING CENTRAL: Rémy GAUSSENS
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Written on 11-07-2022 at 06:54 UTC+1
Price reference: 1592 last known on 11-07-2022 at 06:54 UTC+1
Investment horizon: INTRADAY
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