EUR/USD Intraday: under pressure
Aug 16, 2024 9:07 AM
short positions below 1.0990 with targets at 1.0965 & 1.0950 in extension.
Pivot: 1.0990
Our preference: short positions below 1.0990 with targets at 1.0965 & 1.0950 in extension.
Alternative scenario: above 1.0990 look for further upside with 1.1010 & 1.1025 as targets.
Comment: as long as 1.0990 is resistance, look for choppy price action with a bearish bias.
Supports and resistances:
1.1025
1.1010
1.0990
1.0987 Last
1.0965
1.0950
1.0935
Our preference: short positions below 1.0990 with targets at 1.0965 & 1.0950 in extension.
Alternative scenario: above 1.0990 look for further upside with 1.1010 & 1.1025 as targets.
Comment: as long as 1.0990 is resistance, look for choppy price action with a bearish bias.
Supports and resistances:
1.1025
1.1010
1.0990
1.0987 Last
1.0965
1.0950
1.0935
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
1.18945
0.007279999999999953
+61.60%
