EUR/USD Short Term: the downside prevails
Dec 2, 2024 8:34 AM
short positions below 1.0940 with targets at 1.0330 & 1.0080 in extension.
Pivot: 1.0940
Our preference:
short positions below 1.0940 with targets at 1.0330 & 1.0080 in extension.
Alternative scenario:
above 1.0940 look for further upside with 1.1000 & 1.1200 as targets.
Comment:
the RSI is below its neutrality area at 50%
Supports and resistances:
1.1200
1.1000
1.0940
1.0520 Last
1.0330
1.0080
0.9960
Our preference:
short positions below 1.0940 with targets at 1.0330 & 1.0080 in extension.
Alternative scenario:
above 1.0940 look for further upside with 1.1000 & 1.1200 as targets.
Comment:
the RSI is below its neutrality area at 50%
Supports and resistances:
1.1200
1.1000
1.0940
1.0520 Last
1.0330
1.0080
0.9960
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