EUR/USD Intraday: as long as 1.0397 is support look for 1.0495
Feb 5, 2025 3:30 PM
as long as 1.0397 is support look for 1.0495.
Our pivot point is at 1.0397.
Our preference:
as long as 1.0397 is support look for 1.0495.
Alternative scenario:
the downside breakout of 1.0397 would call for 1.0368 and 1.0351.
Comment:
the RSI is above 50. The MACD is below its signal line and positive. The pair could retrace. Moreover, the price is above its 20 and 50 period moving average (respectively at 1.0409 and 1.0390).
Supports and resistances:
1.0530 **
1.0512 *
1.0495 **
1.0477
1.0424 last
1.0409
1.0397 **
1.0368 *
1.0351 **
Our preference:
as long as 1.0397 is support look for 1.0495.
Alternative scenario:
the downside breakout of 1.0397 would call for 1.0368 and 1.0351.
Comment:
the RSI is above 50. The MACD is below its signal line and positive. The pair could retrace. Moreover, the price is above its 20 and 50 period moving average (respectively at 1.0409 and 1.0390).
Supports and resistances:
1.0530 **
1.0512 *
1.0495 **
1.0477
1.0424 last
1.0409
1.0397 **
1.0368 *
1.0351 **
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Related Instruments
EUR/USD
1.173
-0.000
-0.02%
