EUR/USD Intraday: key resistance at 1.0850
Oct 18, 2024 3:48 AM
short positions below 1.0850 with targets at 1.0810 & 1.0795 in extension.
Pivot: 1.0850
Our preference:
short positions below 1.0850 with targets at 1.0810 & 1.0795 in extension.
Alternative scenario:
above 1.0850 look for further upside with 1.0865 & 1.0880 as targets.
Comment:
the upward potential is likely to be limited by the resistance at 1.0850.
Supports and resistances:
1.0880
1.0865
1.0850
1.0838 Last
1.0810
1.0795
1.0780
Our preference:
short positions below 1.0850 with targets at 1.0810 & 1.0795 in extension.
Alternative scenario:
above 1.0850 look for further upside with 1.0865 & 1.0880 as targets.
Comment:
the upward potential is likely to be limited by the resistance at 1.0850.
Supports and resistances:
1.0880
1.0865
1.0850
1.0838 Last
1.0810
1.0795
1.0780
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