122.9 is our pivot point.
Our preference: the downside prevails as long as 122.9 is resistance.
Alternative scenario: the upside breakout of 122.9, would call for 125.6 and 127.2.
Comment: the RSI is below its neutrality area at 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the price stands below its 20 and 50 period moving average (respectively at 121.2 and 121.2).
Supports and resistances:
127.2 **
125.6 *
122.9 **
121.9
120.7 last
117.1
115.5 **
113.9 *
112.4 **
Head of Research at TRADING CENTRAL: Rémy GAUSSENS
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Written on 08-24-2025 at 08:51 UTC+1
Price reference: 120.7 last known on 08-24-2025 at 08:51 UTC+1
Investment horizon: INTRADAY
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