113.5 is our pivot point.
Our preference: the upside prevails as long as 113.5 is support.
Alternative scenario: below 113.5, expect 111.3 and 109.9.
Comment: the RSI is above 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 114.6 and 114.3).
Supports and resistances:
122.0 **
120.6 *
119.3 **
118.0
115.3 last
114.4
113.5 **
111.3 *
109.9 **
Head of Research at TRADING CENTRAL: Rémy GAUSSENS
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Written on 07-28-2025 at 06:05 UTC+1
Price reference: 115.3 last known on 07-28-2025 at 06:05 UTC+1
Investment horizon: INTRADAY
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