Our pivot point is at 110.08.
Our preference: as long as 110.08 is support look for 111.13
Alternative scenario: below 110.08, expect 109.73 and 109.52.
Comment: the RSI is above 70. It could mean either that the price is in a lasting uptrend or just overbought and therefore bound to correct (look for bearish divergence in this case). The MACD is below its signal line and positive. The price could retrace. Moreover, the price is above its 20 and 50 period moving average (respectively at 110.08 and 109.41).
Supports and resistances:
111.55 **
111.34 *
111.13 **
110.92
110.46 last
110.22
110.08 **
109.73 *
109.52 **
Head of Research at TRADING CENTRAL: Rémy GAUSSENS
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Written on 02-09-2026 at 00:19 UTC+1
Price reference: 110.46 last known on 02-09-2026 at 00:19 UTC+1
Investment horizon: INTRADAY
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