EUR/USD Intraday: capped by a negative trend line
May 1, 2025 11:24 PM
short positions below 1.1340 with targets at 1.1265 & 1.1240 in extension.
Pivot: 1.1340
Our preference:
short positions below 1.1340 with targets at 1.1265 & 1.1240 in extension.
Alternative scenario:
above 1.1340 look for further upside with 1.1365 & 1.1395 as targets.
Comment:
a break below 1.1265 would trigger a drop towards 1.1240.
Supports and resistances:
1.1395
1.1365
1.1340
1.1294 Last
1.1265
1.1240
1.1220
Our preference:
short positions below 1.1340 with targets at 1.1265 & 1.1240 in extension.
Alternative scenario:
above 1.1340 look for further upside with 1.1365 & 1.1395 as targets.
Comment:
a break below 1.1265 would trigger a drop towards 1.1240.
Supports and resistances:
1.1395
1.1365
1.1340
1.1294 Last
1.1265
1.1240
1.1220
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