EUR/USD Intraday: as long as 1.0470 is support look for 1.0551
Feb 14, 2025 8:41 PM
as long as 1.0470 is support look for 1.0551.
Our pivot point stands at 1.0470.
Our preference:
as long as 1.0470 is support look for 1.0551.
Alternative scenario:
the downside breakout of 1.0470 would call for 1.0440 and 1.0422.
Comment:
the RSI is above 50. The MACD is below its signal line and positive. The pair could retrace. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 1.0493 and 1.0475).
Supports and resistances:
1.0587 **
1.0569 *
1.0551 **
1.0533
1.0497 last
1.0482
1.0470 **
1.0440 *
1.0422 **
Our preference:
as long as 1.0470 is support look for 1.0551.
Alternative scenario:
the downside breakout of 1.0470 would call for 1.0440 and 1.0422.
Comment:
the RSI is above 50. The MACD is below its signal line and positive. The pair could retrace. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 1.0493 and 1.0475).
Supports and resistances:
1.0587 **
1.0569 *
1.0551 **
1.0533
1.0497 last
1.0482
1.0470 **
1.0440 *
1.0422 **
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Related Instruments
EUR/USD
1.173
-0.000
-0.02%
