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EUR/USD intraday: as long as 1.0873 is resistance look for 1.0816
2024-03-05
129
1.0873 is our pivot point.
Our preference: as long as 1.0873 is resistance look for 1.0816.
Alternative scenario: the upside breakout of 1.0873, would call for 1.0893 and 1.0905.
Comment: the RSI is below 50. The MACD is positive and above its signal line. The break above the 50 area on the RSI should trigger further gains. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 1.0854 and 1.0853).
Supports and resistances:
1.0905 **
1.0893 *
1.0873 **
1.0865
1.0853 last
1.0828
1.0816 **
The above information is provided by special analysts and is for reference only. CM Trade does not guarantee the accuracy, timeliness and completeness of the information content, so you should not place too much reliance on the information provided. CM Trade is not a company that provides financial advice, and only provides services of the nature of execution of orders. Readers are advised to seek relevant investment advice on their own. Please see our full disclaimer.
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