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EUR/USD Intraday: the downside prevails

Aug 7, 2024 4:49 AM
short positions below 1.0935 with targets at 1.0900 & 1.0880 in extension.
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Pivot: 1.0935
Our preference: short positions below 1.0935 with targets at 1.0900 & 1.0880 in extension.
Alternative scenario: above 1.0935 look for further upside with 1.0950 & 1.0965 as targets.
Comment: the RSI calls for a new downleg.
Supports and resistances:
1.0965
1.0950
1.0935
1.0913 Last
1.0900
1.0880
1.0860
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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