EUR/USD Intraday: intraday support around 1.0835
May 31, 2024 3:38 PM
long positions above 1.0835 with targets at 1.0880 & 1.0900 in extension.
Pivot: 1.0835
Our preference: long positions above 1.0835 with targets at 1.0880 & 1.0900 in extension.
Alternative scenario: below 1.0835 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:
1.0940
1.0900
1.0880
1.0849 Last
1.0835
1.0825
1.0810
Our preference: long positions above 1.0835 with targets at 1.0880 & 1.0900 in extension.
Alternative scenario: below 1.0835 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:
1.0940
1.0900
1.0880
1.0849 Last
1.0835
1.0825
1.0810
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