Our pivot point is at 89.04.
Our preference: under pressure below 89.04
Alternative scenario: above 89.04, look for 89.30 and 89.46.
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 88.91 and 88.81).
Supports and resistances:
89.46 **
89.30 *
89.04 **
88.94
88.79 last
88.46
88.30 **
88.15 *
87.99 **
Head of Research at TRADING CENTRAL: Rémy GAUSSENS
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Written on 07-28-2025 at 06:45 UTC+1
Price reference: 88.79 last known on 07-28-2025 at 06:45 UTC+1
Investment horizon: INTRADAY
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