Our pivot point is at 114.90.
Our preference: The downside prevails as long as 114.90 is resistance, with 114.39 and 114.26 as targets
Alternative scenario: above 114.90, look for 115.13 and 115.27.
Comment: the RSI is below 30. It could either mean that the price is in a lasting downtrend or just oversold and therefore bound to retrace (look for bullish divergence in this case). The MACD is below its signal line and negative. The configuration is negative. The price stands below its 20 and 50 period moving average (respectively at 114.95 and 114.99).
Supports and resistances:
115.27 **
115.13 *
114.90 **
114.71 last
114.39
114.26 **
114.12 *
Head of Research at TRADING CENTRAL: Rémy GAUSSENS
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Written on 08-26-2026 at 07:00 UTC+1
Price reference: 114.71 last known on 08-26-2026 at 07:00 UTC+1
Investment horizon: INTRADAY
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