EUR/USD Intraday: the upside prevails as long as 1.0797 is support
Jul 4, 2024 7:34 PM
the upside prevails as long as 1.0797 is support.

Our pivot point stands at 1.0797.
Our preference: the upside prevails as long as 1.0797 is support.
Alternative scenario: below 1.0797, expect 1.0779 and 1.0768.
Comment: the RSI is above its neutrality area at 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 1.0805 and 1.0796).
Supports and resistances:
1.0868 **
1.0857 *
1.0846 **
1.0835
1.0812 last
1.0804
1.0797 **
1.0779 *
1.0768 **
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