EUR/USD Intraday: the upside prevails as long as 1.0904 is support
Aug 7, 2024 6:00 PM
the upside prevails as long as 1.0904 is support.

1.0904 is our pivot point.
Our preference: the upside prevails as long as 1.0904 is support.
Alternative scenario: the downside breakout of 1.0904 would call for 1.0880 and 1.0866.
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 1.0922 and 1.0922).
Supports and resistances:
1.0998 **
1.0983 *
1.0969 **
1.0955
1.0925 last
1.0913
1.0904 **
1.0880 *
1.0866 **
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