EUR/USD Intraday: the downside prevails as long as 1.1071 is resistance
Aug 30, 2024 7:30 PM
the downside prevails as long as 1.1071 is resistance.

Our pivot point is at 1.1071.
Our preference:
the downside prevails as long as 1.1071 is resistance.
Alternative scenario:
above 1.1071, look for 1.1093 and 1.1107.
Comment:
the RSI is below 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 1.1065 and 1.1073).
Supports and resistances:
1.1107 **
1.1093 *
1.1071 **
1.1062
1.1053 last
1.1022
1.1009 **
1.0995 *
1.0982 **
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