EUR/USD Intraday: bullish bias above 1.0805
May 31, 2024 5:19 AM
long positions above 1.0805 with targets at 1.0845 & 1.0860 in extension.
Pivot: 1.0805
Our preference: long positions above 1.0805 with targets at 1.0845 & 1.0860 in extension.
Alternative scenario: below 1.0805 look for further downside with 1.0785 & 1.0770 as targets.
Comment: even though a continuation of the consolidation cannot be ruled out, its extent should be limited.
Supports and resistances:
1.0885
1.0860
1.0845
1.0817 Last
1.0805
1.0785
1.0770
Our preference: long positions above 1.0805 with targets at 1.0845 & 1.0860 in extension.
Alternative scenario: below 1.0805 look for further downside with 1.0785 & 1.0770 as targets.
Comment: even though a continuation of the consolidation cannot be ruled out, its extent should be limited.
Supports and resistances:
1.0885
1.0860
1.0845
1.0817 Last
1.0805
1.0785
1.0770
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