EUR/USD Intraday: the downside prevails as long as 1.1103 is resistance
Oct 1, 2024 2:29 PM
the downside prevails as long as 1.1103 is resistance.
Our pivot point is at 1.1103.
Our preference:
the downside prevails as long as 1.1103 is resistance.
Alternative scenario:
above 1.1103, look for 1.1124 and 1.1137.
Comment:
the RSI is below its neutrality area at 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the price stands below its 20 and 50 period moving average (respectively at 1.1103 and 1.1125).
Supports and resistances:
1.1137 **
1.1124 *
1.1103 **
1.1095
1.1079 last
1.1031
1.1019 **
1.1007 *
1.0994 **
Our preference:
the downside prevails as long as 1.1103 is resistance.
Alternative scenario:
above 1.1103, look for 1.1124 and 1.1137.
Comment:
the RSI is below its neutrality area at 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the price stands below its 20 and 50 period moving average (respectively at 1.1103 and 1.1125).
Supports and resistances:
1.1137 **
1.1124 *
1.1103 **
1.1095
1.1079 last
1.1031
1.1019 **
1.1007 *
1.0994 **
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EUR/USD
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