EUR/USD Intraday: under pressure below 1.0853
Mar 24, 2025 5:50 PM
under pressure below 1.0853
Our pivot point is at 1.0853.
Our preference:
under pressure below 1.0853
Alternative scenario:
above 1.0853, look for 1.0882 and 1.0900.
Comment:
the RSI is below its neutrality area at 50. The MACD is below its signal line and positive. The MACD must penetrate its zero line to expect further downside. Moreover, the price stands below its 20 and 50 period moving average (respectively at 1.0835 and 1.0828).
Supports and resistances:
1.0900 **
1.0882 *
1.0853 **
1.0842
1.0822 last
1.0784
1.0766 **
1.0749 *
1.0731 **
Our preference:
under pressure below 1.0853
Alternative scenario:
above 1.0853, look for 1.0882 and 1.0900.
Comment:
the RSI is below its neutrality area at 50. The MACD is below its signal line and positive. The MACD must penetrate its zero line to expect further downside. Moreover, the price stands below its 20 and 50 period moving average (respectively at 1.0835 and 1.0828).
Supports and resistances:
1.0900 **
1.0882 *
1.0853 **
1.0842
1.0822 last
1.0784
1.0766 **
1.0749 *
1.0731 **
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
-0.00%
