EUR/USD Intraday: the upside prevails as long as 1.1058 is support
Sep 4, 2024 5:08 PM
the upside prevails as long as 1.1058 is support.

Our pivot point stands at 1.1058.
Our preference:
the upside prevails as long as 1.1058 is support.
Alternative scenario:
the downside breakout of 1.1058 would call for 1.1035 and 1.1021.
Comment:
the RSI is above 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the price is above its 20 and 50 period moving average (respectively at 1.1062 and 1.1053).
Supports and resistances:
1.1155 **
1.1141 *
1.1128 **
1.1114
1.1082 last
1.1067
1.1058 **
1.1035 *
1.1021 **
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