Our pivot point is at 108.26.
Our preference: the downside prevails as long as 108.26 is resistance
Alternative scenario: above 108.26, look for 108.57 and 108.76.
Comment: the RSI is below its neutrality area at 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 108.05 and 108.08).
Supports and resistances:
108.76 **
108.57 *
108.26 **
108.14
107.96 last
107.53
107.35 **
107.16 *
106.98 **
Head of Research at TRADING CENTRAL: Rémy GAUSSENS
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Written on 07-29-2025 at 10:46 UTC+1
Price reference: 107.96 last known on 07-29-2025 at 10:46 UTC+1
Investment horizon: INTRADAY
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