EUR/USD Intraday: the upside prevails

May 16, 2024 1:34 AM

long positions above 1.0860 with targets at 1.0910 & 1.0930 in extension.

Pivot: 1.0860

Our preference: long positions above 1.0860 with targets at 1.0910 & 1.0930 in extension.

Alternative scenario: below 1.0860 look for further downside with 1.0840 & 1.0820 as targets.

Comment: the break above 1.0860 is a positive signal that has opened a path to 1.0910.

Supports and resistances:
1.0945
1.0930
1.0910
1.0889 Last
1.0860
1.0840
1.0820

Disclaimer: References, analysis and trading strategies are provided by the third-party provider, Trading Central, and the point of view is based on the independent assessment and judgment of the analyst, without considering the investment objectives and financial situation of the investors. All strategic opinions do not constitute investment advice or recommendations and are for references only. Our company also does not guarantee the accuracy of the strategic views and does not take any responsibility for the negative results caused by the trading strategies.

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