EUR/USD Intraday: the downside prevails as long as 1.0853 is resistance
EUR/USD (EUR/USD)
-0.00495-0.45%
the downside prevails as long as 1.0853 is resistance.
Our pivot point is at 1.0853.
Our preference: the downside prevails as long as 1.0853 is resistance.
Alternative scenario: above 1.0853, look for 1.0876 and 1.0890.
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 is trading under both its 20 and 50 period moving average (respectively at 1.0850 and 1.0865).
Supports and resistances:
1.0890 **
1.0876 *
1.0853 **
1.0843
1.0834 last
1.0804
1.0790 **
1.0776 *
1.0762 **
Our preference: the downside prevails as long as 1.0853 is resistance.
Alternative scenario: above 1.0853, look for 1.0876 and 1.0890.
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 is trading under both its 20 and 50 period moving average (respectively at 1.0850 and 1.0865).
Supports and resistances:
1.0890 **
1.0876 *
1.0853 **
1.0843
1.0834 last
1.0804
1.0790 **
1.0776 *
1.0762 **
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