EUR/USD Intraday: the downside prevails as long as 1.0832 is resistance
May 23, 2024 5:39 PM
the downside prevails as long as 1.0832 is resistance.

Our pivot point stands at 1.0832.
Our preference: the downside prevails as long as 1.0832 is resistance.
Alternative scenario: the upside breakout of 1.0832, would call for 1.0847 and 1.0856.
Comment: the RSI is below its neutrality area at 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the price stands below its 20 and 50 period moving average (respectively at 1.0837 and 1.0830).
Supports and resistances:
1.0856 **
1.0847 *
1.0832 **
1.0826
1.0819 last
1.0800
1.0791 **
1.0782 *
1.0773 **
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