EUR/USD Intraday: intraday support around 1.0840
May 22, 2024 3:41 AM
long positions above 1.0840 with targets at 1.0870 & 1.0885 in extension.
Pivot: 1.0840
Our preference: long positions above 1.0840 with targets at 1.0870 & 1.0885 in extension.
Alternative scenario: below 1.0840 look for further downside with 1.0825 & 1.0810 as targets.
Comment: even though a continuation of the consolidation cannot be ruled out, its extent should be limited.
Supports and resistances:
1.0900
1.0885
1.0870
1.0853 Last
1.0840
1.0825
1.0810
Our preference: long positions above 1.0840 with targets at 1.0870 & 1.0885 in extension.
Alternative scenario: below 1.0840 look for further downside with 1.0825 & 1.0810 as targets.
Comment: even though a continuation of the consolidation cannot be ruled out, its extent should be limited.
Supports and resistances:
1.0900
1.0885
1.0870
1.0853 Last
1.0840
1.0825
1.0810
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