EUR/USD Intraday: as long as 1.0834 is support look for 1.0876
May 31, 2024 5:59 PM
as long as 1.0834 is support look for 1.0876.

1.0834 is our pivot point.
Our preference: as long as 1.0834 is support look for 1.0876.
Alternative scenario: below 1.0834, expect 1.0819 and 1.0810.
Comment: the RSI is above 50. The MACD is positive and below its signal line. The pair could retrace. Moreover, the price is below its 20 period moving average (1.0852) but above its 50 period moving average (1.0837).
Supports and resistances:
1.0894 **
1.0885 *
1.0876 **
1.0867
1.0847 last
1.0840
1.0834 **
1.0819 *
1.0810 **
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