EUR/USD Intraday: the upside prevails as long as 1.1060 is support
Sep 4, 2024 4:31 PM
the upside prevails as long as 1.1060 is support.

Our pivot point stands at 1.1060.
Our preference:
the upside prevails as long as 1.1060 is support.
Alternative scenario:
below 1.1060, expect 1.1037 and 1.1023.
Comment:
the RSI is above its neutrality area at 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 1.1061 and 1.1052).
Supports and resistances:
1.1153 **
1.1140 *
1.1126 **
1.1112
1.1085 last
1.1069
1.1060 **
1.1037 *
1.1023 **
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