Our pivot point stands at 111.7.
Our preference: under pressure below 111.7.
Alternative scenario: above 111.7, look for 113.8 and 115.1.
Comment: the RSI is below 50. The MACD is positive and below its signal line. 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 110.6 and 110).
Supports and resistances:
115.1 **
113.8 *
111.7 **
110.8
110.0 last
107.2
105.9 **
104.6 *
103.4 **
Head of Research at TRADING CENTRAL: Rémy GAUSSENS
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Written on 07-31-2025 at 15:01 UTC+1
Price reference: 110.0 last known on 07-31-2025 at 15:01 UTC+1
Investment horizon: INTRADAY
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