EUR/USD Intraday: under pressure
May 16, 2024 2:00 PM
short positions below 1.0895 with targets at 1.0840 & 1.0820 in extension.
Pivot: 1.0895
Our preference: short positions below 1.0895 with targets at 1.0840 & 1.0820 in extension.
Alternative scenario: above 1.0895 look for further upside with 1.0910 & 1.0930 as targets.
Comment: the RSI shows downside momentum.
Supports and resistances:
1.0930
1.0910
1.0895
1.0864 Last
1.0840
1.0820
1.0810
Our preference: short positions below 1.0895 with targets at 1.0840 & 1.0820 in extension.
Alternative scenario: above 1.0895 look for further upside with 1.0910 & 1.0930 as targets.
Comment: the RSI shows downside momentum.
Supports and resistances:
1.0930
1.0910
1.0895
1.0864 Last
1.0840
1.0820
1.0810
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.
Related Instruments
EUR/USD
1.17388
-0.00018999999999991246
-1.60%
