EUR/USD Intraday: the upside prevails as long as 1.0880 is support
Jul 16, 2024 7:56 PM
the upside prevails as long as 1.0880 is support.

Our pivot point stands at 1.0880.
Our preference: the upside prevails as long as 1.0880 is support.
Alternative scenario: the downside breakout of 1.0880 would call for 1.0859 and 1.0847.
Comment: the RSI is above its neutrality area at 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the price is above its 20 and 50 period moving average (respectively at 1.0890 and 1.0893).
Supports and resistances:
1.0964 **
1.0951 *
1.0939 **
1.0926
1.0901 last
1.0888
1.0880 **
1.0859 *
1.0847 **
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