EUR/USD intraday : the downside prevails as long as 1.1717 is resistance

Our pivot point is at 1.1717.

Our preference: the downside prevails as long as 1.1717 is resistance

Alternative scenario: above 1.1717, look for 1.1748 and 1.1767.

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 stands below its 20 and 50 period moving average (respectively at 1.1700 and 1.1705).

Supports and resistances:

1.1767 **

1.1748 *

1.1717 **

1.1704

1.1685 last

1.1643

1.1624 **