EUR/USD Intraday: the upside prevails as long as 1.0965 is support
Oct 7, 2024 5:32 PM
the upside prevails as long as 1.0965 is support.
1.0965 is our pivot point.
Our preference:
the upside prevails as long as 1.0965 is support.
Alternative scenario:
the downside breakout of 1.0965 would call for 1.0944 and 1.0932.
Comment:
the RSI is above 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the price is above its 20 and 50 period moving average (respectively at 1.0973 and 1.0971).
Supports and resistances:
1.1047 **
1.1035 *
1.1022 **
1.1010
1.0981 last
1.0973
1.0965 **
1.0944 *
1.0932 **
Our preference:
the upside prevails as long as 1.0965 is support.
Alternative scenario:
the downside breakout of 1.0965 would call for 1.0944 and 1.0932.
Comment:
the RSI is above 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the price is above its 20 and 50 period moving average (respectively at 1.0973 and 1.0971).
Supports and resistances:
1.1047 **
1.1035 *
1.1022 **
1.1010
1.0981 last
1.0973
1.0965 **
1.0944 *
1.0932 **
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