Our pivot point is at 108.8.
Our preference: as long as 108.8 is support look for 115.7.
Alternative scenario: the downside breakout of 108.8 would call for 106.1 and 104.5.
Comment: the RSI is above 50. The MACD is positive and below its signal line. The price could retrace. Moreover, the price is trading under its 20 period moving average (111) but above its 50 period moving average (110.6).
Supports and resistances:
118.8 **
117.3 *
115.7 **
114.1
110.9 last
109.8
108.8 **
106.1 *
104.5 **
Head of Research at TRADING CENTRAL: Rémy GAUSSENS
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Written on 08-31-2025 at 08:50 UTC+1
Price reference: 110.9 last known on 08-31-2025 at 08:50 UTC+1
Investment horizon: INTRADAY
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