EUR/USD Intraday: consolidation
Aug 14, 2024 11:46 PM
short positions below 1.1040 with targets at 1.0990 & 1.0970 in extension.
Pivot: 1.1040
Our preference: short positions below 1.1040 with targets at 1.0990 & 1.0970 in extension.
Alternative scenario: above 1.1040 look for further upside with 1.1060 & 1.1080 as targets.
Comment: as long as 1.1040 is resistance, look for choppy price action with a bearish bias.
Supports and resistances:
1.1080
1.1060
1.1040
1.1011 Last
1.0990
1.0970
1.0950
Our preference: short positions below 1.1040 with targets at 1.0990 & 1.0970 in extension.
Alternative scenario: above 1.1040 look for further upside with 1.1060 & 1.1080 as targets.
Comment: as long as 1.1040 is resistance, look for choppy price action with a bearish bias.
Supports and resistances:
1.1080
1.1060
1.1040
1.1011 Last
1.0990
1.0970
1.0950
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
1.18685
0.0046800000000000175
+39.60%
