EUR/USD Intraday: the downside prevails as long as 1.0419 is resistance
EUR/USD (EUR/USD)
+0.00095+0.09%
the downside prevails as long as 1.0419 is resistance.
Our pivot point is at 1.0419.
Our preference: the downside prevails as long as 1.0419 is resistance.
Alternative scenario: above 1.0419, look for 1.0449 and 1.0466.
Comment: the RSI is below 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 1.0397 and 1.0399).
Supports and resistances:
1.0466 **
1.0449 *
1.0419 **
1.0408
1.0390 last
1.0352
1.0335 **
1.0317 *
1.0300 **
Our preference: the downside prevails as long as 1.0419 is resistance.
Alternative scenario: above 1.0419, look for 1.0449 and 1.0466.
Comment: the RSI is below 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 1.0397 and 1.0399).
Supports and resistances:
1.0466 **
1.0449 *
1.0419 **
1.0408
1.0390 last
1.0352
1.0335 **
1.0317 *
1.0300 **
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