EUR/USD Intraday: rebound towards 1.0586
Nov 20, 2024 9:07 PM
rebound towards 1.0586.
Our pivot point is at 1.0518.
Our preference:
rebound towards 1.0586.
Alternative scenario:
below 1.0518, expect 1.0491 and 1.0476.
Comment:
the RSI is below 50. The MACD is negative and above its signal line. The configuration is mixed. Moreover, the price is trading above its 20 period moving average (1.0538) but under its 50 period moving average (1.0566).
Supports and resistances:
1.0618 **
1.0602 *
1.0586 **
1.0571
1.0539 last
1.0528
1.0518 **
1.0491 *
1.0476 **
Our preference:
rebound towards 1.0586.
Alternative scenario:
below 1.0518, expect 1.0491 and 1.0476.
Comment:
the RSI is below 50. The MACD is negative and above its signal line. The configuration is mixed. Moreover, the price is trading above its 20 period moving average (1.0538) but under its 50 period moving average (1.0566).
Supports and resistances:
1.0618 **
1.0602 *
1.0586 **
1.0571
1.0539 last
1.0528
1.0518 **
1.0491 *
1.0476 **
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Related Instruments
EUR/USD
1.05519
0.00132
+0.13%