EUR/USD Intraday: as long as 1.1104 is support look for 1.1166
Sep 16, 2024 8:03 PM
as long as 1.1104 is support look for 1.1166.

Our pivot point stands at 1.1104.
Our preference:
as long as 1.1104 is support look for 1.1166.
Alternative scenario:
the downside breakout of 1.1104 would call for 1.1083 and 1.1071.
Comment:
the RSI is above 50. The MACD is below its signal line and positive. The pair could retrace. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 1.1125 and 1.1107).
Supports and resistances:
1.1191 **
1.1179 *
1.1166 **
1.1154
1.1128 last
1.1113
1.1104 **
1.1083 *
1.1071 **
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