EUR/USD Intraday: the bias remains bullish.
| Pivot: 1.0595 Our preference: long positions above 1.0595 with targets at 1.0680 & 1.0705 in extension. Alternative scenario: below 1.0595 look for further downside with 1.0550 & 1.0525 as targets. Comment: technically the RSI is above its neutrality area at 50. |
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| Green Lines Represent Resistances | Red Lines Represent Support Levels | Light Blue is a Pivot Point | Black represents the price when the report was produced |
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| Pivot: 115.60 Our preference: short positions below 115.60 with targets at 114.60 & 114.30 in extension. Alternative scenario: above 115.60 look for further upside with 116.15 & 116.50 as targets. Comment: the RSI lacks upward momentum. |
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| Green Lines Represent Resistances | Red Lines Represent Support Levels | Light Blue is a Pivot Point | Black represents the price when the report was produced | ||
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| Pivot: 1.2640 Our preference: long positions above 1.2640 with targets at 1.2700 & 1.2740 in extension. Alternative scenario: below 1.2640 look for further downside with 1.2620 & 1.2595 as targets. Comment: the RSI is supported by a rising trend line. |
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| Green Lines Represent Resistances | Red Lines Represent Support Levels | Light Blue is a Pivot Point | Black represents the price when the report was produced | ||
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| Pivot: 1160.00 Our preference: long positions above 1160.00 with targets at 1169.00 & 1172.00 in extension. Alternative scenario: below 1160.00 look for further downside with 1154.50 & 1151.00 as targets. Comment: the RSI is mixed to bullish. |
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| Green Lines Represent Resistances | Red Lines Represent Support Levels | Light Blue is a Pivot Point | Black represents the price when the report was produced | ||
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| Pivot: 16.9500 Our preference: long positions above 16.9500 with targets at 17.2400 & 17.3500 in extension. Alternative scenario: below 16.9500 look for further downside with 16.8200 & 16.7300 as targets. Comment: the RSI is mixed with a bullish bias. Prices broke above a broadening wedge pattern (bullish) |
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| Green Lines Represent Resistances | Red Lines Represent Support Levels | Light Blue is a Pivot Point | Black represents the price when the report was produced | ||
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| Pivot: 53.45 Our preference: short positions below 53.45 with targets at 51.90 & 51.20 in extension. Alternative scenario: above 53.45 look for further upside with 54.50 & 55.00 as targets. Comment: the RSI advocates for further decline. |
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| Green Lines Represent Resistances | Red Lines Represent Support Levels | Light Blue is a Pivot Point | Black represents the price when the report was produced | ||
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| Pivot: 11000.00 Our preference: long positions above 11000.00 with targets at 11255.00 & 11400.00 in extension. Alternative scenario: below 11000.00 look for further downside with 10900.00 & 10785.00 as targets. Comment: the RSI lacks downward momentum. |
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| Green Lines Represent Resistances | Red Lines Represent Support Levels | Light Blue is a Pivot Point | Black represents the price when the report was produced | ||
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| Pivot: 19635.00 Our preference: long positions above 19635.00 with targets at 19809.00 & 19860.00 in extension. Alternative scenario: below 19635.00 look for further downside with 19530.00 & 19425.00 as targets. Comment: the RSI lacks downward momentum. The 50-period exponential moving average is playing a support role. |
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| Green Lines Represent Resistances | Red Lines Represent Support Levels | Light Blue is a Pivot Point | Black represents the price when the report was produced |
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