Search
EUR/USD Intraday: below its lower Bollinger band
Oct 9, 2024 5:17 PM
the downside prevails as long as 1.0961 is resistance.
Our pivot point stands at 1.0961.
Our preference:
the downside prevails as long as 1.0961 is resistance.
Alternative scenario:
above 1.0961, look for 1.0984 and 1.0998.
Comment:
the RSI is below 30. It could either mean that the pair is in a lasting downtrend or just oversold and therefore bound to retrace (look for bullish divergence in this case). The MACD is below its signal line and negative. The configuration is negative. Moreover, the price stands below its 20 and 50 period moving average (respectively at 1.0955 and 1.0965). Finally, the EUR/USD is trading below its lower Bollinger band (standing at 1.0940).
Supports and resistances:
1.0998 **
1.0984 *
1.0961 **
1.0952
1.0939 last
1.0910
1.0896 **
1.0882 *
1.0868 **
Our preference:
the downside prevails as long as 1.0961 is resistance.
Alternative scenario:
above 1.0961, look for 1.0984 and 1.0998.
Comment:
the RSI is below 30. It could either mean that the pair is in a lasting downtrend or just oversold and therefore bound to retrace (look for bullish divergence in this case). The MACD is below its signal line and negative. The configuration is negative. Moreover, the price stands below its 20 and 50 period moving average (respectively at 1.0955 and 1.0965). Finally, the EUR/USD is trading below its lower Bollinger band (standing at 1.0940).
Supports and resistances:
1.0998 **
1.0984 *
1.0961 **
1.0952
1.0939 last
1.0910
1.0896 **
1.0882 *
1.0868 **
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
1.16665
-0.005120000000000013
-43.70%
