EUR/USD Intraday: capped by a negative trend line
Dec 12, 2024 1:49 AM
short positions below 1.0530 with targets at 1.0475 & 1.0460 in extension.
Pivot: 1.0530
Our preference:
short positions below 1.0530 with targets at 1.0475 & 1.0460 in extension.
Alternative scenario:
above 1.0530 look for further upside with 1.0550 & 1.0570 as targets.
Comment:
as long as 1.0530 is resistance, look for choppy price action with a bearish bias.
Supports and resistances:
1.0570
1.0550
1.0530
1.0507 Last
1.0475
1.0460
1.0445
Our preference:
short positions below 1.0530 with targets at 1.0475 & 1.0460 in extension.
Alternative scenario:
above 1.0530 look for further upside with 1.0550 & 1.0570 as targets.
Comment:
as long as 1.0530 is resistance, look for choppy price action with a bearish bias.
Supports and resistances:
1.0570
1.0550
1.0530
1.0507 Last
1.0475
1.0460
1.0445
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