Our pivot point stands at 12.13.
Our preference: the downside prevails as long as 12.13 is resistance.
Alternative scenario: the upside breakout of 12.13, would call for 12.34 and 12.47.
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 12.08 and 11.99).
Supports and resistances:
12.47 **
12.34 *
12.13 **
11.95 last
11.65
11.53 **
11.40 *
Head of Research at TRADING CENTRAL: Rémy GAUSSENS
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Written on 10-19-2026 at 18:16 UTC+1
Price reference: 11.95 last known on 10-19-2026 at 18:16 UTC+1
Investment horizon: INTRADAY
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