EUR/USD Intraday: the downside prevails as long as 1.0833 is resistance
Jul 31, 2024 6:09 PM
the downside prevails as long as 1.0833 is resistance.

Our pivot point is at 1.0833.
Our preference: the downside prevails as long as 1.0833 is resistance.
Alternative scenario: above 1.0833, look for 1.0855 and 1.0867.
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 1.0827 and 1.0822).
Supports and resistances:
1.0867 **
1.0855 *
1.0833 **
1.0825
1.0816 last
1.0780
1.0767 **
1.0754 *
1.0742 **
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