Our pivot point stands at 18.74.
Our preference: under pressure below 18.74.
Alternative scenario: above 18.74, look for 19.31 and 19.66.
Comment: the RSI is below 50. The MACD is positive and below its signal line. The MACD must penetrate its zero line to expect further downside. Moreover, the price is trading above its 20 period moving average (18.26) but under its 50 period moving average (18.35).
Supports and resistances:
19.66 **
19.31 *
18.74 **
18.52
18.27 last
17.54
17.20 **
16.86 *
16.52 **
Head of Research at TRADING CENTRAL: Rémy GAUSSENS
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Written on 10-21-2025 at 21:21 UTC+1
Price reference: 18.27 last known on 10-21-2025 at 21:21 UTC+1
Investment horizon: INTRADAY
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