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EUR/USD Intraday: capped by a negative trend line
Mar 12, 2026 6:06 AM
short positions below 1.1580 with targets at 1.1505 & 1.1480 in extension.
Pivot: 1.1580
Our preference:
short positions below 1.1580 with targets at 1.1505 & 1.1480 in extension.
Alternative scenario:
above 1.1580 look for further upside with 1.1610 & 1.1640 as targets.
Comment:
as long as 1.1580 is resistance, likely decline to 1.1505.
Supports and resistances:
1.1640
1.1610
1.1580
1.1539 Last
1.1505
1.1480
1.1460
Our preference:
short positions below 1.1580 with targets at 1.1505 & 1.1480 in extension.
Alternative scenario:
above 1.1580 look for further upside with 1.1610 & 1.1640 as targets.
Comment:
as long as 1.1580 is resistance, likely decline to 1.1505.
Supports and resistances:
1.1640
1.1610
1.1580
1.1539 Last
1.1505
1.1480
1.1460
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