EUR/USD Intraday: the downside prevails as long as 1.1097 is resistance
Aug 29, 2024 3:42 PM
the downside prevails as long as 1.1097 is resistance.

Our pivot point stands at 1.1097.
Our preference:
the downside prevails as long as 1.1097 is resistance.
Alternative scenario:
the upside breakout of 1.1097, would call for 1.1120 and 1.1134.
Comment:
the RSI is below 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the price stands below its 20 and 50 period moving average (respectively at 1.1094 and 1.1112).
Supports and resistances:
1.1134 **
1.1120 *
1.1097 **
1.1089
1.1079 last
1.1046
1.1033 **
1.1019 *
1.1006 **
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