*Please note that due to market volatility, some of the key levels may have already been reached and scenarios played out.
EUR/USD intraday: the upside prevails as long as 1.1294 is support
Our pivot point is at 1.1294.
Our preference
The upside prevails as long as 1.1294 is support.
Alternative scenario
Below 1.1294, expect 1.1246 and 1.1218.
Comment
The RSI is above 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 1.1319 and 1.1327).
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