EUR/USD Intraday: the upside prevails as long as 1.0842 is support

Oct 30, 2024 5:43 PM
the upside prevails as long as 1.0842 is support.
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Our pivot point stands at 1.0842.
Our preference:
the upside prevails as long as 1.0842 is support.
Alternative scenario:
below 1.0842, expect 1.0818 and 1.0804.
Comment:
the RSI is above its neutrality area at 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the price is above its 20 and 50 period moving average (respectively at 1.0842 and 1.0827).
Supports and resistances:
1.0935 **
1.0921 *
1.0907 **
1.0893
1.0863 last
1.0851
1.0842 **
1.0818 *
1.0804 **
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
1.07873
0.00524
+0.49%
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