EUR/USD Intraday: under pressure
May 29, 2024 9:30 AM
short positions below 1.0860 with targets at 1.0820 & 1.0805 in extension.
Pivot: 1.0860
Our preference: short positions below 1.0860 with targets at 1.0820 & 1.0805 in extension.
Alternative scenario: above 1.0860 look for further upside with 1.0875 & 1.0885 as targets.
Comment: as long as 1.0860 is resistance, look for choppy price action with a bearish bias.
Supports and resistances:
1.0885
1.0875
1.0860
1.0844 Last
1.0820
1.0805
1.0790
Our preference: short positions below 1.0860 with targets at 1.0820 & 1.0805 in extension.
Alternative scenario: above 1.0860 look for further upside with 1.0875 & 1.0885 as targets.
Comment: as long as 1.0860 is resistance, look for choppy price action with a bearish bias.
Supports and resistances:
1.0885
1.0875
1.0860
1.0844 Last
1.0820
1.0805
1.0790
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