Our pivot point is at 125.8.
Our preference: the downside prevails as long as 125.8 is resistance.
Alternative scenario: the upside breakout of 125.8, would call for 144 and 154.9.
Comment: the RSI is below 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the price stands below its 20 and 50 period moving average (respectively at 115.2 and 114.5).
Supports and resistances:
154.9 **
144.0 *
125.8 **
118.6
110.5 last
87.5
76.9 **
66.3 *
55.7 **
Head of Research at TRADING CENTRAL: Rémy GAUSSENS
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Written on 09-02-2025 at 12:05 UTC+1
Price reference: 110.5 last known on 09-02-2025 at 12:05 UTC+1
Investment horizon: ST
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