EUR/USD Intraday: below its lower Bollinger band
Oct 2, 2024 2:53 PM
the downside prevails as long as 1.1061 is resistance.

1.1061 is our pivot point.
Our preference:
the downside prevails as long as 1.1061 is resistance.
Alternative scenario:
above 1.1061, look for 1.1082 and 1.1095.
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 1.1063 and 1.1066). Finally, the EUR/USD is trading below its lower Bollinger band (standing at 1.1043).
Supports and resistances:
1.1095 **
1.1082 *
1.1061 **
1.1053
1.1042 last
1.1012
1.1000 **
1.0988 *
1.0975 **
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