EUR/USD Intraday: the downside prevails as long as 1.0859 is resistance
Jul 24, 2024 7:50 PM
the downside prevails as long as 1.0859 is resistance.

1.0859 is our pivot point.
Our preference: the downside prevails as long as 1.0859 is resistance.
Alternative scenario: above 1.0859, look for 1.0881 and 1.0894.
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 1.0849 and 1.0847).
Supports and resistances:
1.0894 **
1.0881 *
1.0859 **
1.0851
1.0841 last
1.0813
1.0800 **
1.0787 *
1.0775 **
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