EUR/USD intraday: as long as 1.0866 is support look for 1.0950

Our pivot point stands at 1.0866.

Our preference: as long as 1.0866 is support look for 1.0950.

Alternative scenario: the downside breakout of 1.0866 would call for 1.0836 and 1.0818.

Comment: the RSI is above its neutrality area at 50. The MACD is below its signal line and positive. The pair could retrace. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 1.0891 and 1.0860).

Supports and resistances:

1.0986 **

1.0968 *

1.0950 **

1.0932

1.0895 last

1.0878

1.0866 **

1.0836 *

1.0818 **

Head of Research at TRADING CENTRAL: Rémy GAUSSENS

TRADING CENTRAL is governed by the Code of Conduct of ANACOFI-CIF, an association approved by the Autorité des Marchés Financiers and registered with ORIAS under number 17005458.

Written on 03-30-2023 at 19:45 UTC+1

Price reference: 1.0895 last known on 03-30-2023 at 19:45 UTC+1

Investment horizon: INTRADAY