Bearish intraday trade idea 40-59 pips

pivot point stands at 1.2099.
My preference

The downside prevails as long as 1.2099 is resistance.

Alternative scenario

The upside breakout of 1.2099, would call for 1.2130 and 1.2149.



The RSI is below its neutrality area at 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 1.2092 and 1.2088).

Supports and resistances

1.2149

1.2130

1.2099

1.2087

1.2073 last

1.2033

1.2014

1.1996

1.1977