EUR/USD Short Term: consolidation
Aug 11, 2025 6:57 AM
short positions below 1.1770 with targets at 1.1390 & 1.1200 in extension.
Pivot: 1.1770
Our preference:
short positions below 1.1770 with targets at 1.1390 & 1.1200 in extension.
Alternative scenario:
above 1.1770 look for further upside with 1.2050 & 1.2260 as targets.
Comment:
as long as 1.1770 is resistance, look for choppy price action with a bearish bias.
Supports and resistances:
1.2260 ***
1.2050 ***
1.1770 ***
1.1666 Last
1.1390 ***
1.1200 ***
1.1100 ***
Our preference:
short positions below 1.1770 with targets at 1.1390 & 1.1200 in extension.
Alternative scenario:
above 1.1770 look for further upside with 1.2050 & 1.2260 as targets.
Comment:
as long as 1.1770 is resistance, look for choppy price action with a bearish bias.
Supports and resistances:
1.2260 ***
1.2050 ***
1.1770 ***
1.1666 Last
1.1390 ***
1.1200 ***
1.1100 ***
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