EUR/USD Intraday: key resistance at 1.0870
May 21, 2024 7:12 AM
short positions below 1.0870 with targets at 1.0845 & 1.0835 in extension.
Pivot: 1.0870
Our preference: short positions below 1.0870 with targets at 1.0845 & 1.0835 in extension.
Alternative scenario: above 1.0870 look for further upside with 1.0885 & 1.0900 as targets.
Comment: as long as 1.0870 is resistance, look for choppy price action with a bearish bias.
Supports and resistances:
1.0900
1.0885
1.0870
1.0862 Last
1.0845
1.0835
1.0820
Our preference: short positions below 1.0870 with targets at 1.0845 & 1.0835 in extension.
Alternative scenario: above 1.0870 look for further upside with 1.0885 & 1.0900 as targets.
Comment: as long as 1.0870 is resistance, look for choppy price action with a bearish bias.
Supports and resistances:
1.0900
1.0885
1.0870
1.0862 Last
1.0845
1.0835
1.0820
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