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EUR/USD Intraday: the downside prevails
Nov 11, 2024 9:52 AM
short positions below 1.0725 with targets at 1.0655 & 1.0630 in extension.
Pivot: 1.0725
Our preference:
short positions below 1.0725 with targets at 1.0655 & 1.0630 in extension.
Alternative scenario:
above 1.0725 look for further upside with 1.0765 & 1.0795 as targets.
Comment:
the RSI is bearish and calls for further downside.
Supports and resistances:
1.0795
1.0765
1.0725
1.0672 Last
1.0655
1.0630
1.0600
Our preference:
short positions below 1.0725 with targets at 1.0655 & 1.0630 in extension.
Alternative scenario:
above 1.0725 look for further upside with 1.0765 & 1.0795 as targets.
Comment:
the RSI is bearish and calls for further downside.
Supports and resistances:
1.0795
1.0765
1.0725
1.0672 Last
1.0655
1.0630
1.0600
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