EUR/USD Intraday: look for a drop towards 1.1540 before a bounce
Aug 4, 2025 7:35 PM
look for a drop towards 1.1540 before a bounce
Our pivot point is at 1.1540.
Our preference:
look for a drop towards 1.1540 before a bounce
Alternative scenario:
below 1.1540, expect 1.1509 and 1.1490.
Comment:
the RSI is above its neutrality area at 50. The MACD is below its signal line and positive. The price could retrace. Moreover, the price stands above its 20 period moving average (1.1572) but below its 50 period moving average (1.1574).
Supports and resistances:
1.1667 **
1.1648 *
1.1629 **
1.1611
1.1572 last
1.1552
1.1540 **
1.1509 *
1.1490 **
Our preference:
look for a drop towards 1.1540 before a bounce
Alternative scenario:
below 1.1540, expect 1.1509 and 1.1490.
Comment:
the RSI is above its neutrality area at 50. The MACD is below its signal line and positive. The price could retrace. Moreover, the price stands above its 20 period moving average (1.1572) but below its 50 period moving average (1.1574).
Supports and resistances:
1.1667 **
1.1648 *
1.1629 **
1.1611
1.1572 last
1.1552
1.1540 **
1.1509 *
1.1490 **
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Related Instruments
EUR/USD
1.17864
0.003169999999999895
+27.00%
