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Our pivot point is at 16.46.
Our preference
Rebound towards 17.19.
Alternative scenario
Below 16.46, expect 16.18 and 16.01.
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 stands below its 20 and 50 period moving average (respectively at 16.70 and 16.74).
Supports and resistances
17.53 **
17.36 *
17.19 **
17.02
16.69 last
16.57
16.46 **
16.18 *
16.01 **
Number of asterisks represents the strength of support and resistance levels.
