EUR/USD Intraday: bullish bias above 1.0920
Aug 5, 2024 11:54 PM
long positions above 1.0920 with targets at 1.0980 & 1.1005 in extension.
Pivot: 1.0920
Our preference: long positions above 1.0920 with targets at 1.0980 & 1.1005 in extension.
Alternative scenario: below 1.0920 look for further downside with 1.0890 & 1.0865 as targets.
Comment: even though a continuation of the consolidation cannot be ruled out, its extent should be limited.
Supports and resistances:
1.1020
1.1005
1.0980
1.0950 Last
1.0920
1.0890
1.0865
Our preference: long positions above 1.0920 with targets at 1.0980 & 1.1005 in extension.
Alternative scenario: below 1.0920 look for further downside with 1.0890 & 1.0865 as targets.
Comment: even though a continuation of the consolidation cannot be ruled out, its extent should be limited.
Supports and resistances:
1.1020
1.1005
1.0980
1.0950 Last
1.0920
1.0890
1.0865
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