Our pivot point is at 163.84.
Our preference: under pressure below 163.84
Alternative scenario: above 163.84, look for 164.40 and 164.73.
Comment: the RSI is below its neutrality area at 50. The MACD is below its signal line and positive. The MACD must penetrate its zero line to expect further downside. Moreover, the price stands below its 20 and 50 period moving average (respectively at 163.35 and 163.35).
Supports and resistances:
164.73 **
164.40 *
163.84 **
163.62
163.33 last
162.67
162.34 **
162.01 *
161.68 **
Head of Research at TRADING CENTRAL: Rémy GAUSSENS
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Written on 06-02-2025 at 01:20 UTC+1
Price reference: 163.33 last known on 06-02-2025 at 01:20 UTC+1
Investment horizon: INTRADAY
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