Our pivot point stands at 109.7.
Our preference: the upside prevails as long as 109.7 is support.
Alternative scenario: the downside breakout of 109.7 would call for 107 and 105.5.
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 110.8 and 110.5).
Supports and resistances:
119.7 **
118.1 *
116.6 **
115.0
111.8 last
110.7
109.7 **
107.0 *
105.5 **
Head of Research at TRADING CENTRAL: Rémy GAUSSENS
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Written on 09-03-2025 at 02:04 UTC+1
Price reference: 111.8 last known on 09-03-2025 at 02:04 UTC+1
Investment horizon: INTRADAY
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