23.44 is our pivot point.
Our preference: the downside prevails as long as 23.44 is resistance.
Alternative scenario: above 23.44, look for 24.04 and 24.40.
Comment: the RSI is below 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 23.32 and 23.39).
Supports and resistances:
24.40 **
24.04 *
23.44 **
23.21
22.98 last
22.27
21.91 **
21.56 *
21.20 **
Head of Research at TRADING CENTRAL: Rémy GAUSSENS
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Written on 08-25-2025 at 06:03 UTC+1
Price reference: 22.98 last known on 08-25-2025 at 06:03 UTC+1
Investment horizon: INTRADAY
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