EUR/USD Intraday: bullish bias above 1.0480
Dec 4, 2024 11:47 PM
long positions above 1.0480 with targets at 1.0545 & 1.0565 in extension.
Pivot: 1.0480
Our preference:
long positions above 1.0480 with targets at 1.0545 & 1.0565 in extension.
Alternative scenario:
below 1.0480 look for further downside with 1.0460 & 1.0440 as targets.
Comment:
even though a continuation of the consolidation cannot be ruled out, its extent should be limited.
Supports and resistances:
1.0595
1.0565
1.0545
1.0512 Last
1.0480
1.0460
1.0440
Our preference:
long positions above 1.0480 with targets at 1.0545 & 1.0565 in extension.
Alternative scenario:
below 1.0480 look for further downside with 1.0460 & 1.0440 as targets.
Comment:
even though a continuation of the consolidation cannot be ruled out, its extent should be limited.
Supports and resistances:
1.0595
1.0565
1.0545
1.0512 Last
1.0480
1.0460
1.0440
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