EUR/USD Intraday: the upside prevails as long as 1.1129 is support
Sep 24, 2024 4:29 PM
the upside prevails as long as 1.1129 is support.

1.1129 is our pivot point.
Our preference:
the upside prevails as long as 1.1129 is support.
Alternative scenario:
the downside breakout of 1.1129 would call for 1.1104 and 1.1088.
Comment:
the RSI is above 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 1.1138 and 1.1124).
Supports and resistances:
1.1235 **
1.1220 *
1.1204 **
1.1189
1.1157 last
1.1139
1.1129 **
1.1104 *
1.1088 **
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