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EUR/USD intraday: rebound towards 1.0526
2023-10-03
408
Our pivot point stands at 1.0448.
Our preference: rebound towards 1.0526.
Alternative scenario: the downside breakout of 1.0448 would call for 1.0419 and 1.0402.
Comment: the RSI is below its neutrality area at 50. The MACD is negative and above its signal line. The configuration is mixed. Moreover, the price stands above its 20 period moving average (1.0471) but below its 50 period moving average (1.0473).
Supports and resistances:
1.0560 **
1.0543 *
1.0526 **
1.0509
1.0471 last
1.0459
1.0448 **
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