EUR/USD Intraday: look for a drop towards 1.1287 before a bounce
Apr 11, 2025 7:58 PM
look for a drop towards 1.1287 before a bounce
Our pivot point is at 1.1287.
Our preference:
look for a drop towards 1.1287 before a bounce
Alternative scenario:
below 1.1287, expect 1.1256 and 1.1238.
Comment:
the RSI is above its neutrality area at 50. The MACD is below its signal line and negative. The penetration of 50 on the RSI should trigger further losses. Moreover, the price is below its 20 period moving average (1.1339) but above its 50 period moving average (1.1304).
Supports and resistances:
1.1428 **
1.1409 *
1.1391 **
1.1373
1.1331 last
1.1299
1.1287 **
1.1256 *
1.1238 **
Our preference:
look for a drop towards 1.1287 before a bounce
Alternative scenario:
below 1.1287, expect 1.1256 and 1.1238.
Comment:
the RSI is above its neutrality area at 50. The MACD is below its signal line and negative. The penetration of 50 on the RSI should trigger further losses. Moreover, the price is below its 20 period moving average (1.1339) but above its 50 period moving average (1.1304).
Supports and resistances:
1.1428 **
1.1409 *
1.1391 **
1.1373
1.1331 last
1.1299
1.1287 **
1.1256 *
1.1238 **
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Related Instruments
EUR/USD
1.13530
0.00038
+0.03%