EUR/USD Intraday: rebound towards 1.0725
Jun 14, 2024 6:30 PM
rebound towards 1.0725.

Our pivot point is at 1.0683.
Our preference: rebound towards 1.0725.
Alternative scenario: the downside breakout of 1.0683 would call for 1.0668 and 1.0659.
Comment: the RSI is below 50. The MACD is above its signal line and negative. The configuration is mixed. Moreover, the price stands above its 20 period moving average (1.0691) but below its 50 period moving average (1.0717).
Supports and resistances:
1.0743 **
1.0734 *
1.0725 **
1.0717
1.0698 last
1.0688
1.0683 **
1.0668 *
1.0659 **
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