EUR/USD Intraday: look for a drop towards 1.1140 before a bounce
Sep 27, 2024 6:56 PM
look for a drop towards 1.1140 before a bounce.
Our pivot point is at 1.1140.
Our preference:
look for a drop towards 1.1140 before a bounce.
Alternative scenario:
below 1.1140, expect 1.1114 and 1.1099.
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 pair is trading under its 20 period moving average (1.1166) but above its 50 period moving average (1.1166).
Supports and resistances:
1.1242 **
1.1227 *
1.1212 **
1.1197
1.1166 last
1.1150
1.1140 **
1.1114 *
1.1099 **
Our preference:
look for a drop towards 1.1140 before a bounce.
Alternative scenario:
below 1.1140, expect 1.1114 and 1.1099.
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 pair is trading under its 20 period moving average (1.1166) but above its 50 period moving average (1.1166).
Supports and resistances:
1.1242 **
1.1227 *
1.1212 **
1.1197
1.1166 last
1.1150
1.1140 **
1.1114 *
1.1099 **
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Related Instruments
EUR/USD
1.18217
0.0041199999999999015
+35.00%
