1574 is our pivot point.
Our preference: the downside prevails as long as 1574 is resistance.
Alternative scenario: above 1574, look for 1603 and 1620.
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 1559 and 1566).
Supports and resistances:
1620 **
1603 *
1574 **
1563
1550 last
1513
1496 **
1479 *
1462 **
Head of Research at TRADING CENTRAL: Rémy GAUSSENS
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Written on 03-07-2023 at 22:21 UTC+1
Price reference: 1550 last known on 03-07-2023 at 22:21 UTC+1
Investment horizon: INTRADAY
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