EUR/USD Short Term: supported by a rising trend line
Jul 21, 2025 7:19 AM
long positions above 1.1450 with targets at 1.1830 & 1.2050 in extension.
Pivot: 1.1450
Our preference:
long positions above 1.1450 with targets at 1.1830 & 1.2050 in extension.
Alternative scenario:
below 1.1450 look for further downside with 1.1210 & 1.1070 as targets.
Comment:
even though a continuation of the consolidation cannot be ruled out, its extent should be limited.
Supports and resistances:
1.2260 ***
1.2050 ***
1.1830 ***
1.1625 Last
1.1450 ***
1.1210 ***
1.1070 **
Our preference:
long positions above 1.1450 with targets at 1.1830 & 1.2050 in extension.
Alternative scenario:
below 1.1450 look for further downside with 1.1210 & 1.1070 as targets.
Comment:
even though a continuation of the consolidation cannot be ruled out, its extent should be limited.
Supports and resistances:
1.2260 ***
1.2050 ***
1.1830 ***
1.1625 Last
1.1450 ***
1.1210 ***
1.1070 **
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