BASIC INDUSTRIES: Air Liquide (AIFP A2/A/NR): 1Q25 Sales

• RES 4: 5600.00 Round number resistance
• RES 3: 5562.87 0.764 proj of the Feb 3 - Mar 3 - 11 price swing  
• RES 2: 5516.00 High Mar 3 and the bull trigger   
• RES 1: 5471.00 High Mar 19 / 20             
• PRICE: 5344.00 @ 06:21 GMT Mar 25 
• SUP 1: 5288.25/5229.00 50-day EMA / Low Mar 11 and a bear trigger                
• SUP 2: 5202.00 Low Feb 2 
• SUP 3: 5160.00 Low Feb 4       
• SUP 4: 5079.00 Low Feb 3 and a key support      

The medium-term trend direction in Eurostoxx 50 futures is up and short-term weakness is considered corrective. Support to watch is the 50-day EMA, at 5288.25. It has recently been pierced. A clear break of it would highlight a stronger short-term bear threat and suggest scope for a retracement towards 5160.00, the Feb 4 low. The bull trigger is 5516.00, the Mar 3 high. Clearance of this level would resume the uptrend.

• RES 4: 0.8530 76.4% retracement of the Aug 8 - Dec 19 ‘24 bear leg         
• RES 3: 0.8494 High Aug 26 ‘24 
• RES 2: 0.8474 High Jan 20 and a key resistance
• RES 1: 0.8428/8450 High Mar 18 / 11 and the bull trigger     
• PRICE: 0.8357 @ 06:31 GMT Mar 25 
• SUP 1: 0.8351/46 50-day EMA and pivot support / Low Mar 24
• SUP 2: 0.8321 61.8% retracement of the Mar 3 - 11 bull leg 
• SUP 3: 0.8391 76.4% retracement of the Mar 3 - 11 bull leg 
• SUP 4: 0.8241 Low Mar 3 and a key support 

A retracement mode in EURGBP remains in play. The cross has recently breached 0.8369, the Mar 14 low, and attention is on the 50-day EMA, at 0.8351. The average marks a key short-term pivot level and has been pierced. A clear break of it would undermine the recent bull theme and signal scope for a deeper pullback, towards 0.8321, a Fibonacci retracement. Key resistance and the bull trigger is 0.8450, the Mar 11 high.