Our pivot point stands at 171.92.
Our preference: as long as 171.92 is support look for 173.68.
Alternative scenario: the downside breakout of 171.92 would call for 171.26 and 170.88.
Comment: the RSI is above its neutrality area at 50. The MACD is positive and below its signal line. The pair could retrace. Moreover, the price is below its 20 period moving average (172.47) but above its 50 period moving average (172.33).
Supports and resistances:
174.45 **
174.06 *
173.68 **
173.29
172.47 last
172.17
171.92 **
171.26 *
170.88 **
Head of Research at TRADING CENTRAL: Rémy GAUSSENS
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Written on 08-12-2025 at 22:18 UTC+1
Price reference: 172.47 last known on 08-12-2025 at 22:18 UTC+1
Investment horizon: INTRADAY
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