EUR/USD Intraday: the downside prevails
May 29, 2024 5:05 AM
short positions below 1.0865 with targets at 1.0840 & 1.0820 in extension.
Pivot: 1.0865
Our preference: short positions below 1.0865 with targets at 1.0840 & 1.0820 in extension.
Alternative scenario: above 1.0865 look for further upside with 1.0885 & 1.0900 as targets.
Comment: the break below 1.0865 is a negative signal that has opened a path to 1.0840.
Supports and resistances:
1.0900
1.0885
1.0865
1.0846 Last
1.0840
1.0820
1.0805
Our preference: short positions below 1.0865 with targets at 1.0840 & 1.0820 in extension.
Alternative scenario: above 1.0865 look for further upside with 1.0885 & 1.0900 as targets.
Comment: the break below 1.0865 is a negative signal that has opened a path to 1.0840.
Supports and resistances:
1.0900
1.0885
1.0865
1.0846 Last
1.0840
1.0820
1.0805
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