EUR/USD Intraday: under pressure
May 9, 2025 11:06 AM
short positions below 1.1260 with targets at 1.1190 & 1.1160 in extension.
Pivot: 1.1260
Our preference:
short positions below 1.1260 with targets at 1.1190 & 1.1160 in extension.
Alternative scenario:
above 1.1260 look for further upside with 1.1295 & 1.1335 as targets.
Comment:
as long as 1.1260 is resistance, look for choppy price action with a bearish bias.
Supports and resistances:
1.1335
1.1295
1.1260
1.1244 Last
1.1190
1.1160
1.1130
Our preference:
short positions below 1.1260 with targets at 1.1190 & 1.1160 in extension.
Alternative scenario:
above 1.1260 look for further upside with 1.1295 & 1.1335 as targets.
Comment:
as long as 1.1260 is resistance, look for choppy price action with a bearish bias.
Supports and resistances:
1.1335
1.1295
1.1260
1.1244 Last
1.1190
1.1160
1.1130
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