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EUR/USD intraday: as long as 1.0837 is support look for 1.0878
2024-05-24
573
Our pivot point stands at 1.0837.
Our preference: as long as 1.0837 is support look for 1.0878.
Alternative scenario: the downside breakout of 1.0837 would call for 1.0822 and 1.0813.
Comment: the RSI is above its neutrality area at 50. The MACD is below its signal line and positive. The pair could retrace. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 1.0842 and 1.0824).
Supports and resistances:
1.0896 **
1.0887 *
1.0878 **
1.0869
1.0851 last
1.0843
1.0837 **
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