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EUR/USD Intraday: intraday support around 1.0705
Jun 18, 2024 5:32 AM
long positions above 1.0705 with targets at 1.0745 & 1.0780 in extension.
Pivot: 1.0705
Our preference: long positions above 1.0705 with targets at 1.0745 & 1.0780 in extension.
Alternative scenario: below 1.0705 look for further downside with 1.0685 & 1.0665 as targets.
Comment: even though a continuation of the consolidation cannot be ruled out, its extent should be limited.
Supports and resistances:
1.0805
1.0780
1.0745
1.0721 Last
1.0705
1.0685
1.0665
Our preference: long positions above 1.0705 with targets at 1.0745 & 1.0780 in extension.
Alternative scenario: below 1.0705 look for further downside with 1.0685 & 1.0665 as targets.
Comment: even though a continuation of the consolidation cannot be ruled out, its extent should be limited.
Supports and resistances:
1.0805
1.0780
1.0745
1.0721 Last
1.0705
1.0685
1.0665
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