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EUR/USD intraday: as long as 1.0761 is support look for 1.0804
2024-05-06
264
Our pivot point stands at 1.0761.
Our preference: as long as 1.0761 is support look for 1.0804.
Alternative scenario: below 1.0761, expect 1.0745 and 1.0736.
Comment: the RSI is above 50. The MACD is below its signal line and positive. The pair could retrace. Moreover, the pair is trading under its 20 period moving average (1.0776) but above its 50 period moving average (1.0769).
Supports and resistances:
1.0823 **
1.0813 *
1.0804 **
1.0795
1.0774 last
1.0767
1.0761 **
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