EUR/USD intraday : our next up target stands at 1.1619

Our pivot point is at 1.1514.

Our preference: our next up target stands at 1.1619

Alternative scenario: below 1.1514, expect 1.1482 and 1.1464.

Comment: the RSI is above its neutrality area at 50. The MACD is above its signal line and negative. The MACD must break above its zero level to trigger further gains. Moreover, the price is above its 20 and 50 period moving average (respectively at 1.1528 and 1.1551). Finally, the EUR/USD is trading above its upper Bollinger band (standing at 1.1561).

Supports and resistances:

1.1656 **

1.1637 *

1.1619 **

1.1600

1.1563 last

1.1526

1.1514 **