EUR/USD intraday: rebound towards 1.2216

EURUSD

Trading Central 2021-01-14 04:47:07

Our pivot point stands at 1.2125.

Our preference: rebound towards 1.2216.

Alternative scenario: below 1.2125, expect 1.2092 and 1.2073.

Comment: the RSI is below 50. The MACD is negative and above its signal line. The configuration is mixed. Moreover, the price stands below its 20 and 50 period moving average (respectively at 1.2162 and 1.2188).

Supports and resistances:

1.2254 **

1.2235 *

1.2216 **

1.2197

1.2152 last

1.2137

1.2125 **

Disclaimer

The trading strategy containing reference trading prices and analysis opinions is provided by the third-party provider Trading Central.And the trading strategy is only the personal research and judgment by analysts,which is not a statement of facts.No representation or warranty is given as to the accuracy or completeness of this strategy. Consequently any person acting on it does so entirely at their own risk. TOP1 accepts no responsibility for any use that may be made of these comments and for any consequences that result.