EUR/USD Intraday: the downside prevails as long as 1.1081 is resistance
Oct 1, 2024 5:54 PM
the downside prevails as long as 1.1081 is resistance.

Our pivot point is at 1.1081.
Our preference:
the downside prevails as long as 1.1081 is resistance.
Alternative scenario:
the upside breakout of 1.1081, would call for 1.1102 and 1.1115.
Comment:
the RSI is below its neutrality area at 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 1.1078 and 1.1113).
Supports and resistances:
1.1115 **
1.1102 *
1.1081 **
1.1073
1.1062 last
1.1027
1.1015 **
1.1002 *
1.0990 **
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