95.32 is our pivot point.
Our preference: look for a drop towards 95.32 before a bounce.
Alternative scenario: the downside breakout of 95.32 would call for 94.51 and 94.02.
Comment: the RSI is above its neutrality area at 50. The MACD is negative and below its signal line. The penetration of 50 on the RSI should trigger further losses. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 95.97 and 95.95).
Supports and resistances:
98.45 **
97.97 *
97.48 **
97.00
96.01 last
95.64
95.32 **
94.51 *
94.02 **
Head of Research at TRADING CENTRAL: Rémy GAUSSENS
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Written on 08-18-2025 at 21:49 UTC+1
Price reference: 96.01 last known on 08-18-2025 at 21:49 UTC+1
Investment horizon: INTRADAY
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