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EUR/USD intraday: above its upper Bollinger band
2024-04-25
733
Our pivot point is at 1.0680.
Our preference: the upside prevails as long as 1.0680 is support.
Alternative scenario: the downside breakout of 1.0680 would call for 1.0665 and 1.0656.
Comment: the RSI is above 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the price is above its 20 and 50 period moving average (respectively at 1.0691 and 1.0697). Finally, the EUR/USD is trading above its upper Bollinger band (standing at 1.0701).
Supports and resistances:
1.0751 **
1.0742 *
1.0733 **
1.0724
1.0706 last
1.0686
1.0680 **
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