EUR/USD Intraday: The downside prevails as long as 1.1590 is resistance
Aug 17, 2026 7:01 PM
The downside prevails as long as 1.1590 is resistance, with 1.1548 and 1.1536 as targets

Our pivot point is at 1.1590.
Our preference:
The downside prevails as long as 1.1590 is resistance, with 1.1548 and 1.1536 as targets
Alternative scenario:
above 1.1590, look for 1.1610 and 1.1622.
Comment:
the RSI is below its neutrality area at 50. The MACD is below its signal line and negative. The configuration is negative. The price stands below its 20 and 50 period moving average (respectively at 1.1589 and 1.1585). The EUR/USD is trading below its lower Bollinger band (standing at 1.1574).
Supports and resistances:
1.1622 **
1.1610 *
1.1590 **
1.1572 last
1.1548
1.1536 **
1.1524 *
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