Pivot: 38.40
Our preference: short positions below 38.40 with targets at 37.93 & 37.60 in extension.
Alternative scenario: above 38.40 look for further upside with 38.65 & 38.90 as targets.
Comment: as long as 38.40 is resistance, look for choppy price action with a bearish bias.
Supports and resistances:
38.90
38.65
38.40
38.10 Last
37.93
37.60
37.30
Head of Research at TRADING CENTRAL: Rémy GAUSSENS
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Written on 07-28-2025 at 13:16 UTC+1
Price reference: 38.10 last known on 07-28-2025 at 13:16 UTC+1
Investment horizon: INTRADAY
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