Our pivot point stands at 120.2.
Our preference: the downside prevails as long as 120.2 is resistance.
Alternative scenario: above 120.2, look for 122.6 and 124.1.
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 119.4 and 121.8).
Supports and resistances:
124.1 **
122.6 *
120.2 **
119.2
118.2 last
115.3
113.8 **
112.4 *
110.9 **
Head of Research at TRADING CENTRAL: Rémy GAUSSENS
TRADING CENTRAL is governed by the Code of Conduct of ANACOFI-CIF, an association approved by the Autorité des Marchés Financiers and registered with ORIAS under number 17005458.
Written on 08-06-2025 at 06:04 UTC+1
Price reference: 118.2 last known on 08-06-2025 at 06:04 UTC+1
Investment horizon: INTRADAY
TRADING CENTRAL recommends reading the legal and regulatory information as well as the warnings concerning the information provided accessible from the following link : https://global.tradingcentral.com/www/pdf/terms_of_use_web_sites_en.pdf