EUR/USD Intraday: the bias remains bullish
Aug 20, 2024 5:09 AM
long positions above 1.1050 with targets at 1.1105 & 1.1130 in extension.
Pivot: 1.1050
Our preference: long positions above 1.1050 with targets at 1.1105 & 1.1130 in extension.
Alternative scenario: below 1.1050 look for further downside with 1.1030 & 1.1015 as targets.
Comment: even though a continuation of the consolidation cannot be ruled out, its extent should be limited.
Supports and resistances:
1.1150
1.1130
1.1105
1.1077 Last
1.1050
1.1030
1.1015
Our preference: long positions above 1.1050 with targets at 1.1105 & 1.1130 in extension.
Alternative scenario: below 1.1050 look for further downside with 1.1030 & 1.1015 as targets.
Comment: even though a continuation of the consolidation cannot be ruled out, its extent should be limited.
Supports and resistances:
1.1150
1.1130
1.1105
1.1077 Last
1.1050
1.1030
1.1015
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