EUR/USD Intraday: rebound
Jun 25, 2024 6:26 PM
rebound.

Our pivot point stands at 1.0699.
Our preference: rebound.
Alternative scenario: the downside breakout of 1.0699 would call for 1.0682 and 1.0672.
Comment: the RSI is above 50. The MACD is negative and above its signal line. The MACD must break above its zero level to call for further upside. Moreover, the price is trading above its 20 period moving average (1.0712) but under its 50 period moving average (1.0725).
Supports and resistances:
1.0766 **
1.0756 *
1.0746 **
1.0736
1.0715 last
1.0705
1.0699 **
1.0682 *
1.0672 **
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