Our pivot point stands at 1861.
Our preference: the downside prevails as long as 1861 is resistance.
Alternative scenario: above 1861, look for 1896 and 1917.
Comment: the RSI is below 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 1830 and 1830).
Supports and resistances:
1917 **
1896 *
1861 **
1847
1826 last
1783
1762 **
1742 *
1721 **
Head of Research at TRADING CENTRAL: Rémy GAUSSENS
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Written on 05-02-2023 at 16:09 UTC+1
Price reference: 1826 last known on 05-02-2023 at 16:09 UTC+1
Investment horizon: INTRADAY
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