EUR/USD Intraday: our next up target stands at 1.0554
Feb 17, 2025 4:13 PM
our next up target stands at 1.0554.
1.0476 is our pivot point.
Our preference:
our next up target stands at 1.0554.
Alternative scenario:
below 1.0476, expect 1.0446 and 1.0428.
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 is trading above both its 20 and 50 period moving average (respectively at 1.0491 and 1.0497).
Supports and resistances:
1.0589 **
1.0572 *
1.0554 **
1.0536
1.0500 last
1.0488
1.0476 **
1.0446 *
1.0428 **
Our preference:
our next up target stands at 1.0554.
Alternative scenario:
below 1.0476, expect 1.0446 and 1.0428.
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 is trading above both its 20 and 50 period moving average (respectively at 1.0491 and 1.0497).
Supports and resistances:
1.0589 **
1.0572 *
1.0554 **
1.0536
1.0500 last
1.0488
1.0476 **
1.0446 *
1.0428 **
Disclaimer: References, analysis and trading strategies are provided by the third-party provider, Trading Central, and the point of view is based on the independent assessment and judgment of the analyst, without considering the investment objectives and financial situation of the investors. All strategic opinions do not constitute investment advice or recommendations and are for references only. Our company also does not guarantee the accuracy of the strategic views and does not take any responsibility for the negative results caused by the trading strategies.
Related Instruments
EUR/USD
1.173
-0.000
-0.02%
