EUR/USD Intraday: the downside prevails as long as 1.0845 is resistance
Oct 17, 2024 5:37 PM
the downside prevails as long as 1.0845 is resistance.
1.0845 is our pivot point.
Our preference:
the downside prevails as long as 1.0845 is resistance.
Alternative scenario:
above 1.0845, look for 1.0868 and 1.0882.
Comment:
the RSI is below 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 1.0844 and 1.0853).
Supports and resistances:
1.0882 **
1.0868 *
1.0845 **
1.0836
1.0824 last
1.0796
1.0783 **
1.0769 *
1.0756 **
Our preference:
the downside prevails as long as 1.0845 is resistance.
Alternative scenario:
above 1.0845, look for 1.0868 and 1.0882.
Comment:
the RSI is below 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 1.0844 and 1.0853).
Supports and resistances:
1.0882 **
1.0868 *
1.0845 **
1.0836
1.0824 last
1.0796
1.0783 **
1.0769 *
1.0756 **
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EUR/USD
1.16721
0.003790000000000182
+32.60%
