EUR/USD Intraday: look for a drop towards 1.0802 before a bounce
Jul 31, 2024 8:00 PM
look for a drop towards 1.0802 before a bounce.
Our pivot point stands at 1.0802.
Our preference: look for a drop towards 1.0802 before a bounce.
Alternative scenario: below 1.0802, expect 1.0781 and 1.0768.
Comment: the RSI is above 50. The MACD is below its signal line and negative. The penetration of 50 on the RSI should trigger further losses. Moreover, the price is above its 20 and 50 period moving average (respectively at 1.0827 and 1.0823).
Supports and resistances:
1.0895 **
1.0883 *
1.0870 **
1.0857
1.0828 last
1.0810
1.0802 **
1.0781 *
1.0768 **
Our preference: look for a drop towards 1.0802 before a bounce.
Alternative scenario: below 1.0802, expect 1.0781 and 1.0768.
Comment: the RSI is above 50. The MACD is below its signal line and negative. The penetration of 50 on the RSI should trigger further losses. Moreover, the price is above its 20 and 50 period moving average (respectively at 1.0827 and 1.0823).
Supports and resistances:
1.0895 **
1.0883 *
1.0870 **
1.0857
1.0828 last
1.0810
1.0802 **
1.0781 *
1.0768 **
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Related Instruments
EUR/USD
1.18217
0.0041199999999999015
+35.00%
