Our pivot point is at 96.52.
Our preference: the downside prevails as long as 96.52 is resistance
Alternative scenario: above 96.52, look for 96.78 and 96.94.
Comment: the RSI is below 30. It could either mean that the price is in a lasting downtrend or just oversold and therefore bound to retrace (look for bullish divergence in this case). 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 96.47 and 96.60).
Supports and resistances:
96.94 **
96.78 *
96.52 **
96.41
96.22 last
95.89
95.73 **
95.57 *
95.41 **
Head of Research at TRADING CENTRAL: Rémy GAUSSENS
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Written on 07-30-2025 at 10:45 UTC+1
Price reference: 96.22 last known on 07-30-2025 at 10:45 UTC+1
Investment horizon: INTRADAY
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