Our pivot point is at 164.10.
Our preference: the downside prevails as long as 164.10 is resistance
Alternative scenario: above 164.10, look for 164.82 and 165.25.
Comment: the RSI is below its neutrality area at 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the price stands below its 20 and 50 period moving average (respectively at 163.68 and 163.90).
Supports and resistances:
165.25 **
164.82 *
164.10 **
163.81
163.45 last
162.51
162.08 **
161.65 *
161.22 **
Head of Research at TRADING CENTRAL: Rémy GAUSSENS
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Written on 05-05-2025 at 06:45 UTC+1
Price reference: 163.45 last known on 05-05-2025 at 06:45 UTC+1
Investment horizon: INTRADAY
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