EUR/USD Intraday: rebound
Jan 29, 2025 3:46 PM
rebound.
Our pivot point is at 1.0385.
Our preference:
rebound.
Alternative scenario:
the downside breakout of 1.0385 would call for 1.0357 and 1.0340.
Comment:
the RSI is above its neutrality area at 50. The MACD is above its signal line and negative. The MACD must break above its zero level to call for further upside. Moreover, the price is trading above its 20 period moving average (1.0410) but under its 50 period moving average (1.0423).
Supports and resistances:
1.0497 **
1.0480 *
1.0464 **
1.0447
1.0414 last
1.0396
1.0385 **
1.0357 *
1.0340 **
Our preference:
rebound.
Alternative scenario:
the downside breakout of 1.0385 would call for 1.0357 and 1.0340.
Comment:
the RSI is above its neutrality area at 50. The MACD is above its signal line and negative. The MACD must break above its zero level to call for further upside. Moreover, the price is trading above its 20 period moving average (1.0410) but under its 50 period moving average (1.0423).
Supports and resistances:
1.0497 **
1.0480 *
1.0464 **
1.0447
1.0414 last
1.0396
1.0385 **
1.0357 *
1.0340 **
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Related Instruments
EUR/USD
1.173
-0.000
-0.02%
