EUR/USD Intraday: consolidation
Oct 21, 2024 5:06 AM
long positions above 1.0845 with targets at 1.0880 & 1.0900 in extension.
Pivot: 1.0845
Our preference:
long positions above 1.0845 with targets at 1.0880 & 1.0900 in extension.
Alternative scenario:
below 1.0845 look for further downside with 1.0825 & 1.0810 as targets.
Comment:
even though a continuation of the consolidation cannot be ruled out, its extent should be limited.
Supports and resistances:
1.0915
1.0900
1.0880
1.0857 Last
1.0845
1.0825
1.0810
Our preference:
long positions above 1.0845 with targets at 1.0880 & 1.0900 in extension.
Alternative scenario:
below 1.0845 look for further downside with 1.0825 & 1.0810 as targets.
Comment:
even though a continuation of the consolidation cannot be ruled out, its extent should be limited.
Supports and resistances:
1.0915
1.0900
1.0880
1.0857 Last
1.0845
1.0825
1.0810
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