Our pivot point stands at 85.28.
Our preference: look for a drop towards 85.28 before a bounce.
Alternative scenario: the downside breakout of 85.28 would call for 84.70 and 84.35.
Comment: the RSI is above 50. The MACD is negative and below its signal line. The penetration of 50 on the RSI should trigger further losses. Moreover, the price is below its 20 period moving average (85.79) but above its 50 period moving average (85.69).
Supports and resistances:
87.54 **
87.19 *
86.84 **
86.50
85.76 last
85.51
85.28 **
84.70 *
84.35 **
Head of Research at TRADING CENTRAL: Rémy GAUSSENS
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Written on 05-16-2025 at 22:05 UTC+1
Price reference: 85.76 last known on 05-16-2025 at 22:05 UTC+1
Investment horizon: INTRADAY
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