Our pivot point stands at 85.5.
Our preference: the downside prevails as long as 85.5 is resistance.
Alternative scenario: the upside breakout of 85.5, would call for 87.7 and 89.
Comment: the RSI is below 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the price stands below its 20 and 50 period moving average (respectively at 85.3 and 87).
Supports and resistances:
89.0 **
87.7 *
85.5 **
84.6
83.7 last
81.0
79.7 **
78.4 *
77.1 **
Head of Research at TRADING CENTRAL: Rémy GAUSSENS
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Written on 06-06-2025 at 02:06 UTC+1
Price reference: 83.7 last known on 06-06-2025 at 02:06 UTC+1
Investment horizon: INTRADAY
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