EUR/USD Intraday: the downside prevails
Feb 18, 2025 12:08 PM
short positions below 1.0485 with targets at 1.0425 & 1.0410 in extension.
Pivot: 1.0485
Our preference:
short positions below 1.0485 with targets at 1.0425 & 1.0410 in extension.
Alternative scenario:
above 1.0485 look for further upside with 1.0515 & 1.0530 as targets.
Comment:
as long as 1.0485 is resistance, look for choppy price action with a bearish bias.
Supports and resistances:
1.0530
1.0515
1.0485
1.0463 Last
1.0425
1.0410
1.0385
Our preference:
short positions below 1.0485 with targets at 1.0425 & 1.0410 in extension.
Alternative scenario:
above 1.0485 look for further upside with 1.0515 & 1.0530 as targets.
Comment:
as long as 1.0485 is resistance, look for choppy price action with a bearish bias.
Supports and resistances:
1.0530
1.0515
1.0485
1.0463 Last
1.0425
1.0410
1.0385
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