EUR/USD Intraday: rebound
Jan 29, 2025 8:17 PM
rebound.
Our pivot point is at 1.0383.
Our preference:
rebound.
Alternative scenario:
below 1.0383, expect 1.0355 and 1.0339.
Comment:
the RSI is above 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 stands above its 20 period moving average (1.0408) but below its 50 period moving average (1.0421).
Supports and resistances:
1.0508 **
1.0492 *
1.0475 **
1.0459
1.0421 last
1.0394
1.0383 **
1.0355 *
1.0339 **
Our preference:
rebound.
Alternative scenario:
below 1.0383, expect 1.0355 and 1.0339.
Comment:
the RSI is above 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 stands above its 20 period moving average (1.0408) but below its 50 period moving average (1.0421).
Supports and resistances:
1.0508 **
1.0492 *
1.0475 **
1.0459
1.0421 last
1.0394
1.0383 **
1.0355 *
1.0339 **
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EUR/USD
1.173
-0.000
-0.02%
