EUR/USD Intraday: consolidation
May 13, 2024 8:59 AM
short positions below 1.0790 with targets at 1.0760 & 1.0745 in extension.
Pivot: 1.0790
Our preference: short positions below 1.0790 with targets at 1.0760 & 1.0745 in extension.
Alternative scenario: above 1.0790 look for further upside with 1.0805 & 1.0820 as targets.
Comment: the RSI lacks upward momentum.
Supports and resistances:
1.0820
1.0805
1.0790
1.0782 Last
1.0760
1.0745
1.0725
Our preference: short positions below 1.0790 with targets at 1.0760 & 1.0745 in extension.
Alternative scenario: above 1.0790 look for further upside with 1.0805 & 1.0820 as targets.
Comment: the RSI lacks upward momentum.
Supports and resistances:
1.0820
1.0805
1.0790
1.0782 Last
1.0760
1.0745
1.0725
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