EUR/USD Intraday: key resistance at 1.1355
May 1, 2025 10:50 AM
short positions below 1.1355 with targets at 1.1270 & 1.1240 in extension.
Pivot: 1.1355
Our preference:
short positions below 1.1355 with targets at 1.1270 & 1.1240 in extension.
Alternative scenario:
above 1.1355 look for further upside with 1.1390 & 1.1420 as targets.
Comment:
as long as 1.1355 is resistance, look for choppy price action with a bearish bias.
Supports and resistances:
1.1420
1.1390
1.1355
1.1327 Last
1.1270
1.1240
1.1160
Our preference:
short positions below 1.1355 with targets at 1.1270 & 1.1240 in extension.
Alternative scenario:
above 1.1355 look for further upside with 1.1390 & 1.1420 as targets.
Comment:
as long as 1.1355 is resistance, look for choppy price action with a bearish bias.
Supports and resistances:
1.1420
1.1390
1.1355
1.1327 Last
1.1270
1.1240
1.1160
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