EUR/USD Intraday: under pressure below 1.0938
Aug 9, 2024 5:12 PM
under pressure below 1.0938.
Our pivot point stands at 1.0938.
Our preference: under pressure below 1.0938.
Alternative scenario: above 1.0938, look for 1.0962 and 1.0976.
Comment: the RSI is below its neutrality area at 50. The MACD is below its signal line and positive. The MACD must penetrate its zero line to expect further downside. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 1.0920 and 1.0919).
Supports and resistances:
1.0976 **
1.0962 *
1.0938 **
1.0929
1.0918 last
1.0890
1.0876 **
1.0862 *
1.0848 **
Our preference: under pressure below 1.0938.
Alternative scenario: above 1.0938, look for 1.0962 and 1.0976.
Comment: the RSI is below its neutrality area at 50. The MACD is below its signal line and positive. The MACD must penetrate its zero line to expect further downside. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 1.0920 and 1.0919).
Supports and resistances:
1.0976 **
1.0962 *
1.0938 **
1.0929
1.0918 last
1.0890
1.0876 **
1.0862 *
1.0848 **
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Related Instruments
EUR/USD
1.18198
-0.00018999999999991246
-1.60%
