EUR/USD Intraday: capped by a negative trend line
May 2, 2025 1:36 AM
short positions below 1.1320 with targets at 1.1240 & 1.1220 in extension.
Pivot: 1.1320
Our preference:
short positions below 1.1320 with targets at 1.1240 & 1.1220 in extension.
Alternative scenario:
above 1.1320 look for further upside with 1.1340 & 1.1365 as targets.
Comment:
as long as 1.1320 is resistance, likely decline to 1.1240.
Supports and resistances:
1.1365
1.1340
1.1320
1.1279 Last
1.1240
1.1220
1.1200
Our preference:
short positions below 1.1320 with targets at 1.1240 & 1.1220 in extension.
Alternative scenario:
above 1.1320 look for further upside with 1.1340 & 1.1365 as targets.
Comment:
as long as 1.1320 is resistance, likely decline to 1.1240.
Supports and resistances:
1.1365
1.1340
1.1320
1.1279 Last
1.1240
1.1220
1.1200
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