EUR/USD Intraday: rebound

Our pivot point stands at 1.0866.

Our preference: rebound.

Alternative scenario: below 1.0866, expect 1.0851 and 1.0843.

Comment: the RSI is above its neutrality area at 50. The MACD is negative and above its signal line. The MACD must break above its zero level to trigger further gains. Moreover, the price is trading above its 20 period moving average (1.0874) but under its 50 period moving average (1.0891).

Supports and resistances:
1.0927 **
1.0918 *
1.0909 **
1.0900
1.0881 last
1.0872
1.0866 **
1.0851 *
1.0843 **