EUR/USD intraday: the downside prevails as long as 1.0815 is resistance

Limited Decrease
l
1675392761203
EURUSD+0%
2024-10-25 22:19Source:TC

Our pivot point is at 1.0815.

Our preference: the downside prevails as long as 1.0815 is resistance.

Alternative scenario: the upside breakout of 1.0815, would call for 1.0838 and 1.0851.

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 1.0815 and 1.0821).

Supports and resistances:

1.0851 **

1.0838 *

1.0815 **

1.0806

1.0797 last

1.0768

1.0755 **

1.0741 *

1.0728 **

Head of Research at TRADING CENTRAL: Rémy GAUSSENS

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Written on 10-25-2024 at 22:19 UTC+1

Price reference: 1.0797 last known on 10-25-2024 at 22:19 UTC+1

Investment horizon: INTRADAY

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