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14.78 is our pivot point.
Our preference
The downside prevails as long as 14.78 is resistance.
Alternative scenario
The upside breakout of 14.78, would call for 14.84 and 14.88.
Comment
The RSI is below its neutrality area at 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the price stands above its 20 period moving average (14.72) but below its 50 period moving average (14.72).
Supports and resistances
14.88 **
14.84 *
14.78 **
14.76
14.72 last
14.64
14.61 **
14.57 *
14.53 **
Number of asterisks represents the strength of support and resistance levels.
