EUR/USD Intraday: the upside prevails as long as 1.0712 is support
Jun 17, 2024 5:21 PM
the upside prevails as long as 1.0712 is support.

1.0712 is our pivot point.
Our preference: the upside prevails as long as 1.0712 is support.
Alternative scenario: the downside breakout of 1.0712 would call for 1.0697 and 1.0688.
Comment: the RSI is above its neutrality area at 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 1.0714 and 1.0707).
Supports and resistances:
1.0771 **
1.0762 *
1.0753 **
1.0744
1.0725 last
1.0718
1.0712 **
1.0697 *
1.0688 **
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