EUR/USD Intraday: rebound towards 1.0427
Feb 6, 2025 4:22 PM
rebound towards 1.0427.
1.0345 is our pivot point.
Our preference:
rebound towards 1.0427.
Alternative scenario:
the downside breakout of 1.0345 would call for 1.0316 and 1.0299.
Comment:
the RSI is below 50. The MACD is negative and above its signal line. The configuration is mixed. Moreover, the price stands above its 20 period moving average (1.0367) but below its 50 period moving average (1.0388).
Supports and resistances:
1.0462 **
1.0444 *
1.0427 **
1.0410
1.0369 last
1.0357
1.0345 **
1.0316 *
1.0299 **
Our preference:
rebound towards 1.0427.
Alternative scenario:
the downside breakout of 1.0345 would call for 1.0316 and 1.0299.
Comment:
the RSI is below 50. The MACD is negative and above its signal line. The configuration is mixed. Moreover, the price stands above its 20 period moving average (1.0367) but below its 50 period moving average (1.0388).
Supports and resistances:
1.0462 **
1.0444 *
1.0427 **
1.0410
1.0369 last
1.0357
1.0345 **
1.0316 *
1.0299 **
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Related Instruments
EUR/USD
1.173
-0.000
-0.02%
