EUR/USD intraday: rebound

Limited Increase
u
1675392761203
EURUSD+0%
2024-12-23 19:48Source:TC

Our pivot point stands at 1.0385.

Our preference: rebound.

Alternative scenario: below 1.0385, expect 1.0355 and 1.0337.

Comment: the RSI is above its neutrality area at 50. The MACD is negative and above its signal line. The MACD must break above its zero level to call for further upside. Moreover, the price stands above its 20 period moving average (1.0400) but below its 50 period moving average (1.0420).

Supports and resistances:

1.0502 **

1.0484 *

1.0466 **

1.0448

1.0410 last

1.0397

1.0385 **

1.0355 *

1.0337 **

Head of Research at TRADING CENTRAL: Rémy GAUSSENS

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Written on 12-23-2024 at 19:48 UTC+1

Price reference: 1.0410 last known on 12-23-2024 at 19:48 UTC+1

Investment horizon: INTRADAY

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