EUR/USD Intraday: as long as 1.0397 is support look for 1.0478
Dec 27, 2024 6:11 PM
as long as 1.0397 is support look for 1.0478.
Our pivot point is at 1.0397.
Our preference:
as long as 1.0397 is support look for 1.0478.
Alternative scenario:
below 1.0397, expect 1.0368 and 1.0350.
Comment:
the RSI is above 50. The MACD is below its signal line and positive. The pair could retrace. Moreover, the price is below its 20 period moving average (1.0425) but above its 50 period moving average (1.0420).
Supports and resistances:
1.0513 **
1.0496 *
1.0478 **
1.0461
1.0425 last
1.0409
1.0397 **
1.0368 *
1.0350 **
Our preference:
as long as 1.0397 is support look for 1.0478.
Alternative scenario:
below 1.0397, expect 1.0368 and 1.0350.
Comment:
the RSI is above 50. The MACD is below its signal line and positive. The pair could retrace. Moreover, the price is below its 20 period moving average (1.0425) but above its 50 period moving average (1.0420).
Supports and resistances:
1.0513 **
1.0496 *
1.0478 **
1.0461
1.0425 last
1.0409
1.0397 **
1.0368 *
1.0350 **
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Related Instruments
EUR/USD
1.177
0.004
+0.36%
