EUR/USD Intraday: Technical rebound towards 1.1192 before a new drop
EUR/USD (EUR/USD)+0.00280+0.25%
Even if a technical recovery cannot be ruled out, a drop towards 1.1134 remains likely as long as 1.1192 is resistance

Our pivot point is at 1.1192.
Our preference: Even if a technical recovery cannot be ruled out, a drop towards 1.1134 remains likely as long as 1.1192 is resistance
Alternative scenario: above 1.1192, look for 1.1212 and 1.1224.
Comment: the RSI is above its neutrality area at 50. The MACD is above its signal line and positive. The configuration is positive. The price stands above its 20 period moving average (1.1164) but below its 50 period moving average (1.1174).
Supports and resistances:
1.1224 **
1.1212 *
1.1192 **
1.1174 last
1.1147
1.1134 **
1.1122 *
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