EUR/USD Intraday: consolidation
Jan 27, 2025 4:12 AM
long positions above 1.0450 with targets at 1.0525 & 1.0550 in extension.
Pivot: 1.0450
Our preference:
long positions above 1.0450 with targets at 1.0525 & 1.0550 in extension.
Alternative scenario:
below 1.0450 look for further downside with 1.0420 & 1.0390 as targets.
Comment:
a support base at 1.0450 has formed and has allowed for a temporary stabilisation.
Supports and resistances:
1.0575
1.0550
1.0525
1.0468 Last
1.0450
1.0420
1.0390
Our preference:
long positions above 1.0450 with targets at 1.0525 & 1.0550 in extension.
Alternative scenario:
below 1.0450 look for further downside with 1.0420 & 1.0390 as targets.
Comment:
a support base at 1.0450 has formed and has allowed for a temporary stabilisation.
Supports and resistances:
1.0575
1.0550
1.0525
1.0468 Last
1.0450
1.0420
1.0390
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