Short term view - E.ON : The moving average is capping prices.
The trend has been momentarily interrupted by a correction. It approaches the resistance at €9.100, which also is the invalidation level. It should cause a fall and resume the bearish trend. The next target is at €7.380. The invalidation level is below €9.120.Arguments :
- Prices are pulling back to the major resistance level (previously a support). The fall will resume afterwards.
- The moving average is capping prices.
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