EUR/USD Intraday: the downside prevails
Aug 16, 2024 2:01 AM
short positions below 1.0990 with targets at 1.0950 & 1.0935 in extension.
Pivot: 1.0990
Our preference: short positions below 1.0990 with targets at 1.0950 & 1.0935 in extension.
Alternative scenario: above 1.0990 look for further upside with 1.1010 & 1.1025 as targets.
Comment: as long as 1.0990 is resistance, look for choppy price action with a bearish bias.
Supports and resistances:
1.1025
1.1010
1.0990
1.0977 Last
1.0950
1.0935
1.0920
Our preference: short positions below 1.0990 with targets at 1.0950 & 1.0935 in extension.
Alternative scenario: above 1.0990 look for further upside with 1.1010 & 1.1025 as targets.
Comment: as long as 1.0990 is resistance, look for choppy price action with a bearish bias.
Supports and resistances:
1.1025
1.1010
1.0990
1.0977 Last
1.0950
1.0935
1.0920
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