EUR/USD Intraday: the upside prevails
May 16, 2024 1:34 AM
long positions above 1.0860 with targets at 1.0910 & 1.0930 in extension.
Pivot: 1.0860
Our preference: long positions above 1.0860 with targets at 1.0910 & 1.0930 in extension.
Alternative scenario: below 1.0860 look for further downside with 1.0840 & 1.0820 as targets.
Comment: the break above 1.0860 is a positive signal that has opened a path to 1.0910.
Supports and resistances:
1.0945
1.0930
1.0910
1.0889 Last
1.0860
1.0840
1.0820
Our preference: long positions above 1.0860 with targets at 1.0910 & 1.0930 in extension.
Alternative scenario: below 1.0860 look for further downside with 1.0840 & 1.0820 as targets.
Comment: the break above 1.0860 is a positive signal that has opened a path to 1.0910.
Supports and resistances:
1.0945
1.0930
1.0910
1.0889 Last
1.0860
1.0840
1.0820
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