EUR/USD Intraday: our next up target stands at 1.0355
Jan 16, 2025 3:23 PM
our next up target stands at 1.0355.
Our pivot point is at 1.0252.
Our preference:
our next up target stands at 1.0355.
Alternative scenario:
below 1.0252, expect 1.0223 and 1.0207.
Comment:
the RSI is above its neutrality area at 50. The MACD is negative and above its signal line. The MACD must break above its zero level to trigger further gains. Moreover, the price is above its 20 and 50 period moving average (respectively at 1.0286 and 1.0290).
Supports and resistances:
1.0388 **
1.0372 *
1.0355 **
1.0338
1.0294 last
1.0263
1.0252 **
1.0223 *
1.0207 **
Our preference:
our next up target stands at 1.0355.
Alternative scenario:
below 1.0252, expect 1.0223 and 1.0207.
Comment:
the RSI is above its neutrality area at 50. The MACD is negative and above its signal line. The MACD must break above its zero level to trigger further gains. Moreover, the price is above its 20 and 50 period moving average (respectively at 1.0286 and 1.0290).
Supports and resistances:
1.0388 **
1.0372 *
1.0355 **
1.0338
1.0294 last
1.0263
1.0252 **
1.0223 *
1.0207 **
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
1.02696
-0.00005
-0.00%