EUR/USD Intraday: the upside prevails as long as 1.0844 is support
Oct 30, 2024 4:06 PM
the upside prevails as long as 1.0844 is support.
1.0844 is our pivot point.
Our preference:
the upside prevails as long as 1.0844 is support.
Alternative scenario:
the downside breakout of 1.0844 would call for 1.0820 and 1.0806.
Comment:
the RSI is above 50. 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 1.0836 and 1.0823).
Supports and resistances:
1.0934 **
1.0920 *
1.0906 **
1.0892
1.0863 last
1.0853
1.0844 **
1.0820 *
1.0806 **
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.