EUR/USD Intraday: the downside prevails as long as 1.1073 is resistance
Aug 30, 2024 5:18 PM
the downside prevails as long as 1.1073 is resistance.

Our pivot point stands at 1.1073.
Our preference:
the downside prevails as long as 1.1073 is resistance.
Alternative scenario:
the upside breakout of 1.1073, would call for 1.1096 and 1.1109.
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 1.1072 and 1.1076).
Supports and resistances:
1.1109 **
1.1096 *
1.1073 **
1.1064
1.1054 last
1.1021
1.1008 **
1.0994 *
1.0981 **
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