Our pivot point is at 8.40.
Our preference: The downside prevails as long as 8.40 is resistance, with 8.06 and 7.98 as targets
Alternative scenario: above 8.40, look for 8.54 and 8.62.
Comment: The approach toward our first target represents a key level to monitor, it may trigger pressure for a pullback, though a firm close below this threshold could lead prices lower.
Supports and resistances:
8.62 **
8.54 *
8.40 **
8.11 last
8.06
7.98 **
7.90 *
Head of Research at TRADING CENTRAL: Rémy GAUSSENS
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Written on 08-05-2026 at 18:08 UTC+1
Price reference: 8.11 last known on 08-05-2026 at 18:08 UTC+1
Investment horizon: INTRADAY
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