EUR/USD Intraday: consolidation in place

Apr 29, 2025 11:14 AM

short positions below 1.1405 with targets at 1.1340 & 1.1310 in extension.

Pivot: 1.1405
Our preference:
short positions below 1.1405 with targets at 1.1340 & 1.1310 in extension.
Alternative scenario:
above 1.1405 look for further upside with 1.1425 & 1.1450 as targets.
Comment:
the RSI is bearish and calls for further downside.
Supports and resistances:
1.1450
1.1425
1.1405
1.1376 Last
1.1340
1.1310
1.1280

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