EUR/USD Intraday: the bias remains bullish
Nov 28, 2024 5:42 AM
long positions above 1.0530 with targets at 1.0570 & 1.0585 in extension.
Pivot: 1.0530
Our preference:
long positions above 1.0530 with targets at 1.0570 & 1.0585 in extension.
Alternative scenario:
below 1.0530 look for further downside with 1.0510 & 1.0490 as targets.
Comment:
even though a continuation of the consolidation cannot be ruled out, its extent should be limited.
Supports and resistances:
1.0605
1.0585
1.0570
1.0553 Last
1.0530
1.0510
1.0490
Our preference:
long positions above 1.0530 with targets at 1.0570 & 1.0585 in extension.
Alternative scenario:
below 1.0530 look for further downside with 1.0510 & 1.0490 as targets.
Comment:
even though a continuation of the consolidation cannot be ruled out, its extent should be limited.
Supports and resistances:
1.0605
1.0585
1.0570
1.0553 Last
1.0530
1.0510
1.0490
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