EUR/USD intraday: the upside prevails as long as 1.0398 is support

Limited Increase
u
1675392761203
EURUSD+0%
2024-12-20 19:55Source:TC

Our pivot point stands at 1.0398.

Our preference: the upside prevails as long as 1.0398 is support.

Alternative scenario: the downside breakout of 1.0398 would call for 1.0368 and 1.0350.

Comment: the RSI is above 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the price is above its 20 and 50 period moving average (respectively at 1.0403 and 1.0382).

Supports and resistances:

1.0531 **

1.0513 *

1.0495 **

1.0477

1.0437 last

1.0410

1.0398 **

1.0368 *

1.0350 **

Head of Research at TRADING CENTRAL: Rémy GAUSSENS

TRADING CENTRAL is governed by the Code of Conduct of ANACOFI-CIF, an association approved by the Autorité des Marchés Financiers and registered with ORIAS under number 17005458.

Written on 12-20-2024 at 19:55 UTC+1

Price reference: 1.0437 last known on 12-20-2024 at 19:55 UTC+1

Investment horizon: INTRADAY

TRADING CENTRAL recommends reading the legal and regulatory information as well as the warnings concerning the information provided accessible from the following link : ​https://global.tradingcentral.com/www/pdf/terms_of_use_web_sites_en.pdf

Reference points and analysis views from trading strategies are provided by external providers, and strategy views are only the analyst's personal evaluation and assessment, not considering the investor's investment goals and financial conditions. All strategy views are not investment advice or recommendations, only for reference. Our company also does not guarantee the accuracy of strategy views and is not responsible for any negative results that may arise from trading strategies.

More