EUR/USD Intraday: under pressure
May 29, 2024 2:41 PM
short positions below 1.0840 with targets at 1.0805 & 1.0790 in extension.
Pivot: 1.0840
Our preference: short positions below 1.0840 with targets at 1.0805 & 1.0790 in extension.
Alternative scenario: above 1.0840 look for further upside with 1.0855 & 1.0870 as targets.
Comment: the break below 1.0840 is a negative signal that has opened a path to 1.0805.
Supports and resistances:
1.0870
1.0855
1.0840
1.0815 Last
1.0805
1.0790
1.0750
Our preference: short positions below 1.0840 with targets at 1.0805 & 1.0790 in extension.
Alternative scenario: above 1.0840 look for further upside with 1.0855 & 1.0870 as targets.
Comment: the break below 1.0840 is a negative signal that has opened a path to 1.0805.
Supports and resistances:
1.0870
1.0855
1.0840
1.0815 Last
1.0805
1.0790
1.0750
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