EUR/USD Intraday: under pressure
Jan 21, 2025 10:21 AM
short positions below 1.0400 with targets at 1.0310 & 1.0285 in extension.
Pivot: 1.0400
Our preference:
short positions below 1.0400 with targets at 1.0310 & 1.0285 in extension.
Alternative scenario:
above 1.0400 look for further upside with 1.0435 & 1.0465 as targets.
Comment:
as long as 1.0400 is resistance, look for choppy price action with a bearish bias.
Supports and resistances:
1.0465
1.0435
1.0400
1.0352 Last
1.0310
1.0285
1.0260
Our preference:
short positions below 1.0400 with targets at 1.0310 & 1.0285 in extension.
Alternative scenario:
above 1.0400 look for further upside with 1.0435 & 1.0465 as targets.
Comment:
as long as 1.0400 is resistance, look for choppy price action with a bearish bias.
Supports and resistances:
1.0465
1.0435
1.0400
1.0352 Last
1.0310
1.0285
1.0260
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