Our pivot point stands at 110.3.
Our preference: the upside prevails as long as 110.3 is support.
Alternative scenario: below 110.3, expect 107.7 and 106.1.
Comment: the RSI is above 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the price is above its 20 and 50 period moving average (respectively at 110.9 and 111.1).
Supports and resistances:
120.3 **
118.8 *
117.2 **
115.6
112.4 last
111.3
110.3 **
107.7 *
106.1 **
Head of Research at TRADING CENTRAL: Rémy GAUSSENS
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Written on 09-05-2025 at 04:04 UTC+1
Price reference: 112.4 last known on 09-05-2025 at 04:04 UTC+1
Investment horizon: INTRADAY
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