EUR/USD intraday: the upside prevails as long as 1.0602 is support

1.0602 is our pivot point.

Our preference: the upside prevails as long as 1.0602 is support.

Alternative scenario: the downside breakout of 1.0602 would call for 1.0568 and 1.0547.

Comment: the RSI is above 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 1.0618 and 1.0612).

Supports and resistances:

1.0738 **

1.0718 *

1.0697 **

1.0677

1.0632 last

1.0616

1.0602 **

1.0568 *

1.0547 **

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 03-03-2023 at 21:59 UTC+1

Price reference: 1.0632 last known on 03-03-2023 at 21:59 UTC+1

Investment horizon: INTRADAY