EUR/USD intraday: the upside prevails as long as 1

EUR/USD intraday: the upside prevails as long as 1.2139 is support

EURUSD

Trading Central 2021-02-23 03:06:21

Our pivot point stands at 1.2139.

Our preference: the upside prevails as long as 1.2139 is support.

Alternative scenario: below 1.2139, expect 1.2109 and 1.2091.

Comment: the RSI is above 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the price is above its 20 and 50 period moving average (respectively at 1.2141 and 1.2127).

Supports and resistances:

1.2258 **

1.2240 *

1.2222 **

1.2205

1.2165 last

1.2150

1.2139 **

Disclaimer

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