EUR/USD Intraday: rebound towards 1.0897

Our pivot point stands at 1.0854.

Our preference: rebound towards 1.0897.

Alternative scenario: the downside breakout of 1.0854 would call for 1.0838 and 1.0829.

Comment: the RSI is below its neutrality area at 50. The MACD is above its signal line and negative. The configuration is mixed. Moreover, the price stands below its 20 and 50 period moving average (respectively at 1.0868 and 1.0877).

Supports and resistances:
1.0916 **
1.0907 *
1.0897 **
1.0888
1.0868 last
1.0861
1.0854 **
1.0838 *
1.0829 **