EUR/USD Intraday: bullish bias above 1.1120
Aug 22, 2024 3:45 AM
long positions above 1.1120 with targets at 1.1175 & 1.1200 in extension.
Pivot: 1.1120
Our preference: long positions above 1.1120 with targets at 1.1175 & 1.1200 in extension.
Alternative scenario: below 1.1120 look for further downside with 1.1100 & 1.1080 as targets.
Comment: even though a continuation of the consolidation cannot be ruled out, its extent should be limited.
Supports and resistances:
1.1220
1.1200
1.1175
1.1144 Last
1.1120
1.1100
1.1080
Our preference: long positions above 1.1120 with targets at 1.1175 & 1.1200 in extension.
Alternative scenario: below 1.1120 look for further downside with 1.1100 & 1.1080 as targets.
Comment: even though a continuation of the consolidation cannot be ruled out, its extent should be limited.
Supports and resistances:
1.1220
1.1200
1.1175
1.1144 Last
1.1120
1.1100
1.1080
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