EUR/USD Intraday: the downside prevails as long as 1.1137 is resistance
Sep 17, 2024 7:47 PM
the downside prevails as long as 1.1137 is resistance.

Our pivot point stands at 1.1137.
Our preference:
the downside prevails as long as 1.1137 is resistance.
Alternative scenario:
the upside breakout of 1.1137, would call for 1.1161 and 1.1175.
Comment:
the RSI is below its neutrality area at 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the price stands below its 20 and 50 period moving average (respectively at 1.1123 and 1.1126).
Supports and resistances:
1.1175 **
1.1161 *
1.1137 **
1.1128
1.1117 last
1.1087
1.1073 **
1.1059 *
1.1045 **
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