EUR/USD Intraday: bullish bias above 1.0775
May 14, 2024 5:16 AM
long positions above 1.0775 with targets at 1.0795 & 1.0805 in extension.
Pivot: 1.0775
Our preference: long positions above 1.0775 with targets at 1.0795 & 1.0805 in extension.
Alternative scenario: below 1.0775 look for further downside with 1.0760 & 1.0745 as targets.
Comment: even though a continuation of the consolidation cannot be ruled out, its extent should be limited.
Supports and resistances:
1.0820
1.0805
1.0795
1.0785 Last
1.0775
1.0760
1.0745
Our preference: long positions above 1.0775 with targets at 1.0795 & 1.0805 in extension.
Alternative scenario: below 1.0775 look for further downside with 1.0760 & 1.0745 as targets.
Comment: even though a continuation of the consolidation cannot be ruled out, its extent should be limited.
Supports and resistances:
1.0820
1.0805
1.0795
1.0785 Last
1.0775
1.0760
1.0745
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