EUR/USD Intraday: Rebound
Feb 19, 2025 5:30 AM
Rebound
Our pivot point is at 1.0427.
Our preference:
Rebound
Alternative scenario:
below 1.0427, expect 1.0398 and 1.0382.
Comment:
the RSI is above its neutrality area at 50. The MACD is above its signal line and negative. The MACD must break above its zero level to trigger further gains. Moreover, the price stands above its 20 period moving average (1.0448) but below its 50 period moving average (1.0453).
Supports and resistances:
1.0537 **
1.0520 *
1.0503 **
1.0486
1.0450 last
1.0438
1.0427 **
1.0398 *
1.0382 **
Our preference:
Rebound
Alternative scenario:
below 1.0427, expect 1.0398 and 1.0382.
Comment:
the RSI is above its neutrality area at 50. The MACD is above its signal line and negative. The MACD must break above its zero level to trigger further gains. Moreover, the price stands above its 20 period moving average (1.0448) but below its 50 period moving average (1.0453).
Supports and resistances:
1.0537 **
1.0520 *
1.0503 **
1.0486
1.0450 last
1.0438
1.0427 **
1.0398 *
1.0382 **
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Related Instruments
EUR/USD
1.04745
-0.00262
-0.25%