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As long as 15.4 USD continues to be a resistance, the movement may join 14.12 USD over the short term. The surpassing of 15.4 USD would invalidate this opinion and open the door for 15.63 USD.
Opinion Short Term
- Resistance 1 £15.17
- Support 1 £14.12
Opinion Medium Term
- Resistance 2 £15.40
- Support 2 £13.89
The MACD is positive but lower than its signal line. The dynamic in progress has been interrupted. If the MACD were to turn negative, the price correction could continue. The RSI value is less than 50: this confirms the weakness of prices. The Stochastics indicators are not giving any clear signals for the coming days. The volumes traded are more than the average volumes over the last 10 days.
The bullish movement seems to have stopped. The cross is under its 50-day moving average located at 14.47. The first support is at 14.12 USD and, in the event of a breach of this level, a continuation of the correction towards 13.89 USD is possible; to the upside, the first resistance is at 15.17 USD, then the strongest level is at 15.4 USD.