EUR/USD intraday: rebound towards 1.2229

EURUSD

Trading Central 2021-01-14 03:08:07

Our pivot point is at 1.2134.

Our preference: rebound towards 1.2229.

Alternative scenario: the downside breakout of 1.2134 would call for 1.2101 and 1.2082.

Comment: the RSI is below 50. The MACD is above its signal line and negative. The configuration is mixed. Moreover, the price stands below its 20 and 50 period moving average (respectively at 1.2168 and 1.2191).

Supports and resistances:

1.2267 **

1.2248 *

1.2229 **

1.2210

1.2161 last

1.2146

1.2134 **

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.