EUR/USD Intraday: the downside prevails as long as 1.0929 is resistance
Jul 18, 2024 6:06 PM
the downside prevails as long as 1.0929 is resistance.

Our pivot point stands at 1.0929.
Our preference: the downside prevails as long as 1.0929 is resistance.
Alternative scenario: the upside breakout of 1.0929, would call for 1.0950 and 1.0963.
Comment: the RSI is below 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 1.0921 and 1.0930).
Supports and resistances:
1.0963 **
1.0950 *
1.0929 **
1.0921
1.0909 last
1.0884
1.0871 **
1.0858 *
1.0846 **
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