EUR/USD Intraday: under pressure
Dec 31, 2024 12:46 PM
short positions below 1.0425 with targets at 1.0395 & 1.0370 in extension.
Pivot: 1.0425
Our preference:
short positions below 1.0425 with targets at 1.0395 & 1.0370 in extension.
Alternative scenario:
above 1.0425 look for further upside with 1.0440 & 1.0455 as targets.
Comment:
as long as 1.0425 is resistance, look for choppy price action with a bearish bias.
Supports and resistances:
1.0455
1.0440
1.0425
1.0400 Last
1.0395
1.0370
1.0355
Our preference:
short positions below 1.0425 with targets at 1.0395 & 1.0370 in extension.
Alternative scenario:
above 1.0425 look for further upside with 1.0440 & 1.0455 as targets.
Comment:
as long as 1.0425 is resistance, look for choppy price action with a bearish bias.
Supports and resistances:
1.0455
1.0440
1.0425
1.0400 Last
1.0395
1.0370
1.0355
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