EUR/USD intraday: as long as 1.0764 is support look for 1.0856

Our pivot point stands at 1.0764.

Our preference: as long as 1.0764 is support look for 1.0856.

Alternative scenario: the downside breakout of 1.0764 would call for 1.0732 and 1.0714.

Comment: the RSI is above its neutrality area at 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 1.0787 and 1.0776).

Supports and resistances:

1.0894 **

1.0875 *

1.0856 **

1.0838

1.0791 last

1.0777

1.0764 **

1.0732 *

1.0714 **

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 03-22-2023 at 18:39 UTC+1

Price reference: 1.0791 last known on 03-22-2023 at 18:39 UTC+1

Investment horizon: INTRADAY