EUR/USD Intraday: the downside prevails as long as 1.0981 is resistance
Oct 4, 2024 5:28 PM
the downside prevails as long as 1.0981 is resistance.

Our pivot point stands at 1.0981.
Our preference:
the downside prevails as long as 1.0981 is resistance.
Alternative scenario:
the upside breakout of 1.0981, would call for 1.1002 and 1.1014.
Comment:
the RSI is below 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the price stands below its 20 and 50 period moving average (respectively at 1.0996 and 1.1017).
Supports and resistances:
1.1014 **
1.1002 *
1.0981 **
1.0973
1.0965 last
1.0933
1.0920 **
1.0908 *
1.0896 **
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