EUR/USD Intraday: rebound towards 1.0729
Jun 14, 2024 5:45 PM
rebound towards 1.0729.

1.0687 is our pivot point.
Our preference: rebound towards 1.0729.
Alternative scenario: the downside breakout of 1.0687 would call for 1.0672 and 1.0663.
Comment: the RSI is below its neutrality area at 50. The MACD is negative and above its signal line. The configuration is mixed. Moreover, the price is trading above its 20 period moving average (1.0691) but under its 50 period moving average (1.0718).
Supports and resistances:
1.0747 **
1.0738 *
1.0729 **
1.0721
1.0699 last
1.0693
1.0687 **
1.0672 *
1.0663 **
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