EUR/USD Intraday: the downside prevails
Jan 8, 2025 12:10 PM
short positions below 1.0320 with targets at 1.0270 & 1.0245 in extension.
Pivot: 1.0320
Our preference:
short positions below 1.0320 with targets at 1.0270 & 1.0245 in extension.
Alternative scenario:
above 1.0320 look for further upside with 1.0355 & 1.0385 as targets.
Comment:
the immediate trend remains down and the momentum is strong.
Supports and resistances:
1.0385
1.0355
1.0320
1.0297 Last
1.0270
1.0245
1.0225
Our preference:
short positions below 1.0320 with targets at 1.0270 & 1.0245 in extension.
Alternative scenario:
above 1.0320 look for further upside with 1.0355 & 1.0385 as targets.
Comment:
the immediate trend remains down and the momentum is strong.
Supports and resistances:
1.0385
1.0355
1.0320
1.0297 Last
1.0270
1.0245
1.0225
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