EUR/USD Intraday: consolidation in place
Jul 2, 2024 5:25 AM
short positions below 1.0750 with targets at 1.0720 & 1.0705 in extension.
Pivot: 1.0750
Our preference: short positions below 1.0750 with targets at 1.0720 & 1.0705 in extension.
Alternative scenario: above 1.0750 look for further upside with 1.0775 & 1.0790 as targets.
Comment: as long as 1.0750 is resistance, look for choppy price action with a bearish bias.
Supports and resistances:
1.0790
1.0775
1.0750
1.0728 Last
1.0720
1.0705
1.0685
Our preference: short positions below 1.0750 with targets at 1.0720 & 1.0705 in extension.
Alternative scenario: above 1.0750 look for further upside with 1.0775 & 1.0790 as targets.
Comment: as long as 1.0750 is resistance, look for choppy price action with a bearish bias.
Supports and resistances:
1.0790
1.0775
1.0750
1.0728 Last
1.0720
1.0705
1.0685
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