EUR/USD Middle Term: the upside prevails
May 22, 2024 7:27 AM
long positions above 1.0370 with targets at 1.1275 & 1.1500 in extension.
Pivot: 1.0370
Our preference: long positions above 1.0370 with targets at 1.1275 & 1.1500 in extension.
Alternative scenario: below 1.0370 look for further downside with 1.0000 & 0.9530 as targets.
Comment: the RSI shows upside momentum.
Supports and resistances:
1.1900
1.1500
1.1275
1.0852 Last
1.0370
1.0000
0.9530
Our preference: long positions above 1.0370 with targets at 1.1275 & 1.1500 in extension.
Alternative scenario: below 1.0370 look for further downside with 1.0000 & 0.9530 as targets.
Comment: the RSI shows upside momentum.
Supports and resistances:
1.1900
1.1500
1.1275
1.0852 Last
1.0370
1.0000
0.9530
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
1.17592
0.0020400000000000418
+17.40%
