Our pivot point stands at 111.8.
Our preference: rebound towards 118.4.
Alternative scenario: the downside breakout of 111.8 would call for 109.3 and 107.8.
Comment: the RSI is below 50. The MACD is above its signal line and negative. The configuration is mixed. Moreover, the price is trading above its 20 period moving average (113.7) but under its 50 period moving average (114.9).
Supports and resistances:
121.4 **
119.9 *
118.4 **
116.9
113.9 last
112.8
111.8 **
109.3 *
107.8 **
Head of Research at TRADING CENTRAL: Rémy GAUSSENS
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Written on 08-20-2025 at 04:04 UTC+1
Price reference: 113.9 last known on 08-20-2025 at 04:04 UTC+1
Investment horizon: INTRADAY
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