EUR/USD Intraday: consolidation
May 21, 2025 11:37 PM
short positions below 1.1350 with targets at 1.1300 & 1.1280 in extension.
Pivot: 1.1350
Our preference:
short positions below 1.1350 with targets at 1.1300 & 1.1280 in extension.
Alternative scenario:
above 1.1350 look for further upside with 1.1365 & 1.1380 as targets.
Comment:
as long as 1.1350 is resistance, look for choppy price action with a bearish bias.
Supports and resistances:
1.1380
1.1365
1.1350
1.1322 Last
1.1300
1.1280
1.1260
Our preference:
short positions below 1.1350 with targets at 1.1300 & 1.1280 in extension.
Alternative scenario:
above 1.1350 look for further upside with 1.1365 & 1.1380 as targets.
Comment:
as long as 1.1350 is resistance, look for choppy price action with a bearish bias.
Supports and resistances:
1.1380
1.1365
1.1350
1.1322 Last
1.1300
1.1280
1.1260
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