Our pivot point stands at 1081.
Our preference: as long as 1081 is support look for 1171.
Alternative scenario: the downside breakout of 1081 would call for 1046 and 1025.
Comment: the RSI is above 50. The MACD is positive and below its signal line. The price could retrace. Moreover, the price is above its 20 and 50 period moving average (respectively at 1100 and 1079).
Supports and resistances:
1213 **
1192 *
1171 **
1151
1109 last
1094
1081 **
1046 *
1025 **
Head of Research at TRADING CENTRAL: Rémy GAUSSENS
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Written on 07-14-2022 at 06:42 UTC+1
Price reference: 1109 last known on 07-14-2022 at 06:42 UTC+1
Investment horizon: INTRADAY
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