EUR/USD Intraday: the upside prevails as long as 1.0911 is support
Aug 12, 2024 8:02 PM
the upside prevails as long as 1.0911 is support.

1.0911 is our pivot point.
Our preference: the upside prevails as long as 1.0911 is support.
Alternative scenario: the downside breakout of 1.0911 would call for 1.0887 and 1.0873.
Comment: the RSI is above 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 1.0927 and 1.0922).
Supports and resistances:
1.1004 **
1.0990 *
1.0975 **
1.0961
1.0932 last
1.0920
1.0911 **
1.0887 *
1.0873 **
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