EUR/USD Intraday: below its lower Bollinger band
Sep 25, 2024 3:20 PM
the downside prevails as long as 1.1195 is resistance.

Our pivot point stands at 1.1195.
Our preference:
the downside prevails as long as 1.1195 is resistance.
Alternative scenario:
the upside breakout of 1.1195, would call for 1.1221 and 1.1236.
Comment:
the RSI is below 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 1.1188 and 1.1182). Finally, the EUR/USD has penetrated its lower Bollinger band (1.1169).
Supports and resistances:
1.1236 **
1.1221 *
1.1195 **
1.1185
1.1164 last
1.1132
1.1117 **
1.1101 *
1.1086 **
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