EUR/USD intraday: rebound towards 1.0695

Limited Increase
u
1675392761203
EURUSD+0%
2024-11-11 21:51Source:TC

Our pivot point is at 1.0634.

Our preference: rebound towards 1.0695.

Alternative scenario: the downside breakout of 1.0634 would call for 1.0611 and 1.0598.

Comment: the RSI is below its neutrality area at 50. The MACD is above its signal line and negative. The configuration is mixed. Moreover, the price is trading above its 20 period moving average (1.0651) but under its 50 period moving average (1.0685).

Supports and resistances:

1.0722 **

1.0709 *

1.0695 **

1.0682

1.0652 last

1.0643

1.0634 **

1.0611 *

1.0598 **

Head of Research at TRADING CENTRAL: Rémy GAUSSENS

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Written on 11-11-2024 at 21:51 UTC+1

Price reference: 1.0652 last known on 11-11-2024 at 21:51 UTC+1

Investment horizon: INTRADAY

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