Our pivot point stands at 23.08.
Our preference: as long as 23.08 is support look for 25.14.
Alternative scenario: the downside breakout of 23.08 would call for 22.34 and 21.90.
Comment: the RSI is above 50. The MACD is below its signal line and positive. The price could retrace. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 23.65 and 23.45).
Supports and resistances:
26.03 **
25.58 *
25.14 **
24.69
23.70 last
23.38
23.08 **
22.34 *
21.90 **
Head of Research at TRADING CENTRAL: Rémy GAUSSENS
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Written on 08-31-2025 at 08:52 UTC+1
Price reference: 23.70 last known on 08-31-2025 at 08:52 UTC+1
Investment horizon: INTRADAY
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