Our pivot point is at 1530.
Our preference: as long as 1530 is support look for 1596.
Alternative scenario: below 1530, expect 1505 and 1490.
Comment: the RSI is above its neutrality area at 50. The MACD is below its signal line and positive. The price could retrace. Moreover, the price is below its 20 period moving average (1552) but above its 50 period moving average (1526).
Supports and resistances:
1625 **
1611 *
1596 **
1581
1550 last
1540
1530 **
1505 *
1490 **
Head of Research at TRADING CENTRAL: Rémy GAUSSENS
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Written on 02-15-2023 at 02:21 UTC+1
Price reference: 1550 last known on 02-15-2023 at 02:21 UTC+1
Investment horizon: INTRADAY
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