EUR/USD Intraday: consolidation in place
Aug 12, 2024 8:57 AM
short positions below 1.0930 with targets at 1.0905 & 1.0890 in extension.
Pivot: 1.0930
Our preference: short positions below 1.0930 with targets at 1.0905 & 1.0890 in extension.
Alternative scenario: above 1.0930 look for further upside with 1.0945 & 1.0960 as targets.
Comment: as long as 1.0930 is resistance, look for choppy price action with a bearish bias.
Supports and resistances:
1.0960
1.0945
1.0930
1.0917 Last
1.0905
1.0890
1.0875
Our preference: short positions below 1.0930 with targets at 1.0905 & 1.0890 in extension.
Alternative scenario: above 1.0930 look for further upside with 1.0945 & 1.0960 as targets.
Comment: as long as 1.0930 is resistance, look for choppy price action with a bearish bias.
Supports and resistances:
1.0960
1.0945
1.0930
1.0917 Last
1.0905
1.0890
1.0875
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