108.3 is our pivot point.
Our preference: the upside prevails as long as 108.3 is support.
Alternative scenario: the downside breakout of 108.3 would call for 105.6 and 104.1.
Comment: the RSI is above 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 110 and 109.6).
Supports and resistances:
118.4 **
116.8 *
115.2 **
113.7
110.5 last
109.3
108.3 **
105.6 *
104.1 **
Head of Research at TRADING CENTRAL: Rémy GAUSSENS
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Written on 09-02-2025 at 10:41 UTC+1
Price reference: 110.5 last known on 09-02-2025 at 10:41 UTC+1
Investment horizon: INTRADAY
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