EUR/USD Intraday: under pressure below 1.0842
Jul 31, 2024 3:25 PM
under pressure below 1.0842.

1.0842 is our pivot point.
Our preference: under pressure below 1.0842.
Alternative scenario: the upside breakout of 1.0842, would call for 1.0864 and 1.0876.
Comment: the RSI is below 50. The MACD is positive and below its signal line. The MACD must penetrate its zero line to expect further downside. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 1.0829 and 1.0821).
Supports and resistances:
1.0876 **
1.0864 *
1.0842 **
1.0834
1.0820 last
1.0794
1.0782 **
1.0769 *
1.0756 **
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