EUR/USD Intraday: the downside prevails as long as 1.0357 is resistance
Feb 7, 2025 6:46 PM
the downside prevails as long as 1.0357 is resistance.
1.0357 is our pivot point.
Our preference:
the downside prevails as long as 1.0357 is resistance.
Alternative scenario:
the upside breakout of 1.0357, would call for 1.0386 and 1.0404.
Comment:
the RSI is below its neutrality area at 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 1.0363 and 1.0375).
Supports and resistances:
1.0404 **
1.0386 *
1.0357 **
1.0346
1.0332 last
1.0295
1.0277 **
1.0260 *
1.0243 **
Our preference:
the downside prevails as long as 1.0357 is resistance.
Alternative scenario:
the upside breakout of 1.0357, would call for 1.0386 and 1.0404.
Comment:
the RSI is below its neutrality area at 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 1.0363 and 1.0375).
Supports and resistances:
1.0404 **
1.0386 *
1.0357 **
1.0346
1.0332 last
1.0295
1.0277 **
1.0260 *
1.0243 **
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Related Instruments
EUR/USD
1.173
-0.000
-0.02%
