EUR/USD Intraday: the downside prevails
May 12, 2025 9:17 AM
short positions below 1.1205 with targets at 1.1080 & 1.1030 in extension.
Pivot: 1.1205
Our preference:
short positions below 1.1205 with targets at 1.1080 & 1.1030 in extension.
Alternative scenario:
above 1.1205 look for further upside with 1.1245 & 1.1290 as targets.
Comment:
the break below 1.1205 is a negative signal that has opened a path to 1.1080.
Supports and resistances:
1.1290
1.1245
1.1205
1.1136 Last
1.1080
1.1030
1.1000
Our preference:
short positions below 1.1205 with targets at 1.1080 & 1.1030 in extension.
Alternative scenario:
above 1.1205 look for further upside with 1.1245 & 1.1290 as targets.
Comment:
the break below 1.1205 is a negative signal that has opened a path to 1.1080.
Supports and resistances:
1.1290
1.1245
1.1205
1.1136 Last
1.1080
1.1030
1.1000
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