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Analysis

EUR/USD may rise 19 - 34 pips

BY Trading Central

|February 29, 2024

Intraday: the upside prevails.

 Intraday: the upside prevails.

Pivot

1.0815

Our preference

Long positions above 1.0815 with targets at 1.0850 & 1.0865 in extension.

Alternative scenario

Below 1.0815 look for further downside with 1.0795 & 1.0780 as targets.

Comment

The RSI shows upside momentum.

Supports and resistances

1.0885

1.0865

1.0850

1.0831 Last

1.0815

1.0795

1.0780

Number of asterisks represents the strength of support and resistance levels.

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