EUR/USD Intraday: the downside prevails
May 12, 2025 11:00 AM
short positions below 1.1145 with targets at 1.1030 & 1.0990 in extension.
Pivot: 1.1145
Our preference:
short positions below 1.1145 with targets at 1.1030 & 1.0990 in extension.
Alternative scenario:
above 1.1145 look for further upside with 1.1205 & 1.1245 as targets.
Comment:
the RSI is bearish and calls for further decline.
Supports and resistances:
1.1245
1.1205
1.1145
1.1075 Last
1.1030
1.0990
1.0900
Our preference:
short positions below 1.1145 with targets at 1.1030 & 1.0990 in extension.
Alternative scenario:
above 1.1145 look for further upside with 1.1205 & 1.1245 as targets.
Comment:
the RSI is bearish and calls for further decline.
Supports and resistances:
1.1245
1.1205
1.1145
1.1075 Last
1.1030
1.0990
1.0900
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