EUR/USD Intraday: look for a drop towards 1.1371 before a bounce
Apr 29, 2025 8:21 AM
look for a drop towards 1.1371 before a bounce
Our pivot point is at 1.1371.
Our preference:
look for a drop towards 1.1371 before a bounce
Alternative scenario:
below 1.1371, expect 1.1340 and 1.1322.
Comment:
the RSI is above its neutrality area at 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 1.1398 and 1.1387).
Supports and resistances:
1.1503 **
1.1485 *
1.1467 **
1.1448
1.1403 last
1.1383
1.1371 **
1.1340 *
1.1322 **
Our preference:
look for a drop towards 1.1371 before a bounce
Alternative scenario:
below 1.1371, expect 1.1340 and 1.1322.
Comment:
the RSI is above its neutrality area at 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 1.1398 and 1.1387).
Supports and resistances:
1.1503 **
1.1485 *
1.1467 **
1.1448
1.1403 last
1.1383
1.1371 **
1.1340 *
1.1322 **
Disclaimer: References, analysis and trading strategies are provided by the third-party provider, Trading Central, and the point of view is based on the independent assessment and judgment of the analyst, without considering the investment objectives and financial situation of the investors. All strategic opinions do not constitute investment advice or recommendations and are for references only. Our company also does not guarantee the accuracy of the strategic views and does not take any responsibility for the negative results caused by the trading strategies.
Related Instruments
EUR/USD
1.13223
-0.00049
-0.04%