Our pivot point is at 173.90.
Our preference: as long as 173.90 is support look for 175.59
Alternative scenario: below 173.90, expect 173.27 and 172.90.
Comment: the RSI is above its neutrality area at 50. The MACD is below its signal line and positive. The price could retrace. Moreover, the price is below its 20 period moving average (174.55) but above its 50 period moving average (174.24).
Supports and resistances:
176.34 **
175.97 *
175.59 **
175.22
174.47 last
174.14
173.90 **
173.27 *
172.90 **
Head of Research at TRADING CENTRAL: Rémy GAUSSENS
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Written on 05-08-2025 at 06:46 UTC+1
Price reference: 174.47 last known on 05-08-2025 at 06:46 UTC+1
Investment horizon: INTRADAY
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