EUR/USD Intraday: technical rebound towards 1.0579 before a new drop
Nov 28, 2024 6:04 PM
technical rebound towards 1.0579 before a new drop.
Our pivot point stands at 1.0579.
Our preference:
technical rebound towards 1.0579 before a new drop.
Alternative scenario:
the upside breakout of 1.0579, would call for 1.0608 and 1.0626.
Comment:
the RSI is above its neutrality area at 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the price stands above its 20 period moving average (1.0546) but below its 50 period moving average (1.0554).
Supports and resistances:
1.0626 **
1.0608 *
1.0579 **
1.0567
1.0552 last
1.0516
1.0499 **
1.0481 *
1.0464 **
Our preference:
technical rebound towards 1.0579 before a new drop.
Alternative scenario:
the upside breakout of 1.0579, would call for 1.0608 and 1.0626.
Comment:
the RSI is above its neutrality area at 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the price stands above its 20 period moving average (1.0546) but below its 50 period moving average (1.0554).
Supports and resistances:
1.0626 **
1.0608 *
1.0579 **
1.0567
1.0552 last
1.0516
1.0499 **
1.0481 *
1.0464 **
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Related Instruments
EUR/USD
1.182
0.006
+0.53%
