EUR/USD intraday: as long as 1.2126 is support loo

EUR/USD intraday: as long as 1.2126 is support look for 1.2205

EURUSD

Trading Central 2021-02-23 05:06:28

1.2126 is our pivot point.

Our preference: as long as 1.2126 is support look for 1.2205.

Alternative scenario: below 1.2126, expect 1.2096 and 1.2078.

Comment: the RSI is above 50. The MACD is below its signal line and positive. The pair could retrace. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 1.2151 and 1.2132).

Supports and resistances:

1.2241 **

1.2223 *

1.2205 **

1.2188

1.2152 last

1.2137

1.2126 **

Disclaimer

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