EUR/USD Intraday: the upside prevails as long as 1.1383 is support
Apr 28, 2025 5:49 PM
the upside prevails as long as 1.1383 is support
Our pivot point is at 1.1383.
Our preference:
the upside prevails as long as 1.1383 is support
Alternative scenario:
below 1.1383, expect 1.1352 and 1.1334.
Comment:
the RSI is above 70. It could mean either that the price is in a lasting uptrend or just overbought and therefore bound to correct (look for bearish divergence in this case). The MACD is above its signal line and positive. The configuration is positive. Moreover, the price is above its 20 and 50 period moving average (respectively at 1.1365 and 1.1363). Finally, the EUR/USD is trading above its upper Bollinger band (standing at 1.1411).
Supports and resistances:
1.1509 **
1.1490 *
1.1472 **
1.1453
1.1417 last
1.1395
1.1383 **
1.1352 *
1.1334 **
Our preference:
the upside prevails as long as 1.1383 is support
Alternative scenario:
below 1.1383, expect 1.1352 and 1.1334.
Comment:
the RSI is above 70. It could mean either that the price is in a lasting uptrend or just overbought and therefore bound to correct (look for bearish divergence in this case). The MACD is above its signal line and positive. The configuration is positive. Moreover, the price is above its 20 and 50 period moving average (respectively at 1.1365 and 1.1363). Finally, the EUR/USD is trading above its upper Bollinger band (standing at 1.1411).
Supports and resistances:
1.1509 **
1.1490 *
1.1472 **
1.1453
1.1417 last
1.1395
1.1383 **
1.1352 *
1.1334 **
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Related Instruments
EUR/USD
1.13312
0.00040
+0.04%