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EUR/USD intraday: as long as 1.0488 is support look for 1.0567
2023-10-04
396
Our pivot point stands at 1.0488.
Our preference: as long as 1.0488 is support look for 1.0567.
Alternative scenario: below 1.0488, expect 1.0460 and 1.0443.
Comment: the RSI is above 50. The MACD is positive and below its signal line. The pair could retrace. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 1.0508 and 1.0485).
Supports and resistances:
1.0602 **
1.0584 *
1.0567 **
1.0550
1.0515 last
1.0500
1.0488 **
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