EUR/USD intraday: the upside prevails as long as 1.1022 is support

1.1022 is our pivot point.

Our preference: the upside prevails as long as 1.1022 is support.

Alternative scenario: the downside breakout of 1.1022 would call for 1.0988 and 1.0968.

Comment: the RSI is above 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 1.1037 and 1.1010).

Supports and resistances:

1.1155 **

1.1136 *

1.1116 **

1.1096

1.1055 last

1.1035

1.1022 **

1.0988 *

1.0968 **

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 04-13-2023 at 20:03 UTC+1

Price reference: 1.1055 last known on 04-13-2023 at 20:03 UTC+1

Investment horizon: INTRADAY