EUR/USD intraday: the downside prevails as long as 1.0841 is resistance

Limited Decrease
l
1675392761203
EURUSD+0%
2024-02-23 19:19Source:TC

Our pivot point is at 1.0841.

Our preference: the downside prevails as long as 1.0841 is resistance.

Alternative scenario: above 1.0841, look for 1.0861 and 1.0872.

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 1.0826 and 1.0825).

Supports and resistances:

1.0872 **

1.0861 *

1.0841 **

1.0833

1.0825 last

1.0801

1.0789 **

1.0777 *

1.0766 **

Head of Research at TRADING CENTRAL: Rémy GAUSSENS

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Written on 02-23-2024 at 19:19 UTC+1

Price reference: 1.0825 last known on 02-23-2024 at 19:19 UTC+1

Investment horizon: INTRADAY

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