Our pivot point is at 1.1412.
Our preference: under pressure below 1.1412
Alternative scenario: above 1.1412, look for 1.1443 and 1.1461.
Comment: the RSI is below its neutrality area at 50. The MACD is below its signal line and positive. The MACD must penetrate its zero line to expect further downside. Moreover, the price stands below its 20 and 50 period moving average (respectively at 1.1384 and 1.1360). Finally, the EUR/USD is trading below its lower Bollinger band (standing at 1.1356).
Supports and resistances:
1.1461 **
1.1443 *
1.1412 **
1.1400
1.1355 last
1.1318
1.1300 **
1.1281 *
1.1263 **
Head of Research at TRADING CENTRAL: Rémy GAUSSENS
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Written on 04-14-2025 at 16:34 UTC+1
Price reference: 1.1355 last known on 04-14-2025 at 16:34 UTC+1
Investment horizon: INTRADAY
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