EUR/USD Intraday: the downside prevails
Dec 2, 2024 11:51 PM
short positions below 1.0525 with targets at 1.0480 & 1.0460 in extension.
Pivot: 1.0525
Our preference:
short positions below 1.0525 with targets at 1.0480 & 1.0460 in extension.
Alternative scenario:
above 1.0525 look for further upside with 1.0545 & 1.0565 as targets.
Comment:
as long as 1.0525 is resistance, look for choppy price action with a bearish bias.
Supports and resistances:
1.0565
1.0545
1.0525
1.0500 Last
1.0480
1.0460
1.0430
Our preference:
short positions below 1.0525 with targets at 1.0480 & 1.0460 in extension.
Alternative scenario:
above 1.0525 look for further upside with 1.0545 & 1.0565 as targets.
Comment:
as long as 1.0525 is resistance, look for choppy price action with a bearish bias.
Supports and resistances:
1.0565
1.0545
1.0525
1.0500 Last
1.0480
1.0460
1.0430
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