EUR/USD Intraday: as long as 1.0762 is support look for 1.0850
Nov 7, 2024 8:35 PM
as long as 1.0762 is support look for 1.0850.

Our pivot point is at 1.0762.
Our preference:
as long as 1.0762 is support look for 1.0850.
Alternative scenario:
below 1.0762, expect 1.0739 and 1.0725.
Comment:
the RSI is above 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 1.0789 and 1.0759).
Supports and resistances:
1.0878 **
1.0864 *
1.0850 **
1.0837
1.0805 last
1.0771
1.0762 **
1.0739 *
1.0725 **
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