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.
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 **
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