4778 is our pivot point.
Our preference: target 4460.
Alternative scenario: the upside breakout of 4778, would call for 4895 and 4965.
Comment: the RSI is below 50. The MACD is below its signal line and positive. The MACD must penetrate its zero line to expect further downside. Moreover, the price is below its 20 period moving average (4692) but above its 50 period moving average (4654).
Supports and resistances:
4965 **
4895 *
4778 **
4732
4672 last
4530
4460 **
4391 *
4322 **
Head of Research at TRADING CENTRAL: Rémy GAUSSENS
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Written on 10-07-2025 at 08:48 UTC+1
Price reference: 4672 last known on 10-07-2025 at 08:48 UTC+1
Investment horizon: INTRADAY
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