EUR/USD Intraday: our next up target stands at 1.0554
Feb 17, 2025 8:25 PM
our next up target stands at 1.0554.
Our pivot point is at 1.0476.
Our preference:
our next up target stands at 1.0554.
Alternative scenario:
the downside breakout of 1.0476 would call for 1.0446 and 1.0428.
Comment:
the RSI is above 50. The MACD is negative and above its signal line. The MACD must break above its zero level to call for further upside. Moreover, the price is above its 20 and 50 period moving average (respectively at 1.0490 and 1.0495).
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:
the downside breakout of 1.0476 would call for 1.0446 and 1.0428.
Comment:
the RSI is above 50. The MACD is negative and above its signal line. The MACD must break above its zero level to call for further upside. Moreover, the price is above its 20 and 50 period moving average (respectively at 1.0490 and 1.0495).
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%
