110.9 is our pivot point.
Our preference: as long as 110.9 is support look for 117.8.
Alternative scenario: the downside breakout of 110.9 would call for 108.2 and 106.6.
Comment: the RSI is above 50. The MACD is below its signal line and positive. The price could retrace. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 112.8 and 112.3).
Supports and resistances:
121.0 **
119.4 *
117.8 **
116.2
113.0 last
111.9
110.9 **
108.2 *
106.6 **
Head of Research at TRADING CENTRAL: Rémy GAUSSENS
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Written on 09-04-2025 at 04:04 UTC+1
Price reference: 113.0 last known on 09-04-2025 at 04:04 UTC+1
Investment horizon: INTRADAY
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