Our pivot point stands at 84.85.
Our preference: the upside prevails as long as 84.85 is support.
Alternative scenario: the downside breakout of 84.85 would call for 84.27 and 83.93.
Comment: the RSI is above 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 85.21 and 85.07).
Supports and resistances:
87.08 **
86.73 *
86.39 **
86.04
85.33 last
85.08
84.85 **
84.27 *
83.93 **
Head of Research at TRADING CENTRAL: Rémy GAUSSENS
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Written on 05-23-2025 at 22:34 UTC+1
Price reference: 85.33 last known on 05-23-2025 at 22:34 UTC+1
Investment horizon: INTRADAY
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