EUR/USD intraday: the downside prevails as long as 1.0420 is resistance

Limited Decrease
l
1675392761203
EURUSD+0%
2024-12-23 17:06Source:TC

Our pivot point is at 1.0420.

Our preference: the downside prevails as long as 1.0420 is resistance.

Alternative scenario: the upside breakout of 1.0420, would call for 1.0450 and 1.0468.

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 1.0406 and 1.0421).

Supports and resistances:

1.0468 **

1.0450 *

1.0420 **

1.0409

1.0390 last

1.0353

1.0335 **

1.0318 *

1.0300 **

Head of Research at TRADING CENTRAL: Rémy GAUSSENS

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Written on 12-23-2024 at 17:06 UTC+1

Price reference: 1.0390 last known on 12-23-2024 at 17:06 UTC+1

Investment horizon: INTRADAY

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