EUR/USD Intraday: as long as 1.0778 is support look for 1.0842
Oct 24, 2024 3:53 PM
as long as 1.0778 is support look for 1.0842.

Our pivot point is at 1.0778.
Our preference:
as long as 1.0778 is support look for 1.0842.
Alternative scenario:
below 1.0778, expect 1.0756 and 1.0742.
Comment:
the RSI is above its neutrality area at 50. The MACD is positive and below its signal line. The pair could retrace. Moreover, the price is above its 20 and 50 period moving average (respectively at 1.0797 and 1.0788).
Supports and resistances:
1.0868 **
1.0855 *
1.0842 **
1.0828
1.0800 last
1.0787
1.0778 **
1.0756 *
1.0742 **
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