EUR/USD Intraday: bullish bias above 1.1020
Aug 19, 2024 10:59 AM
long positions above 1.1020 with targets at 1.1060 & 1.1075 in extension.
Pivot: 1.1020
Our preference: long positions above 1.1020 with targets at 1.1060 & 1.1075 in extension.
Alternative scenario: below 1.1020 look for further downside with 1.1005 & 1.0985 as targets.
Comment: even though a continuation of the consolidation cannot be ruled out, its extent should be limited.
Supports and resistances:
1.1100
1.1075
1.1060
1.1034 Last
1.1020
1.1005
1.0985
Our preference: long positions above 1.1020 with targets at 1.1060 & 1.1075 in extension.
Alternative scenario: below 1.1020 look for further downside with 1.1005 & 1.0985 as targets.
Comment: even though a continuation of the consolidation cannot be ruled out, its extent should be limited.
Supports and resistances:
1.1100
1.1075
1.1060
1.1034 Last
1.1020
1.1005
1.0985
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