EUR/USD Intraday: the downside prevails
May 8, 2025 8:11 AM
short positions below 1.1340 with targets at 1.1267 & 1.1230 in extension.
Pivot: 1.1340
Our preference:
short positions below 1.1340 with targets at 1.1267 & 1.1230 in extension.
Alternative scenario:
above 1.1340 look for further upside with 1.1360 & 1.1380 as targets.
Comment:
the RSI is bearish and calls for further downside.
Supports and resistances:
1.1380
1.1360
1.1340
1.1291 Last
1.1267
1.1230
1.1200
Our preference:
short positions below 1.1340 with targets at 1.1267 & 1.1230 in extension.
Alternative scenario:
above 1.1340 look for further upside with 1.1360 & 1.1380 as targets.
Comment:
the RSI is bearish and calls for further downside.
Supports and resistances:
1.1380
1.1360
1.1340
1.1291 Last
1.1267
1.1230
1.1200
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
1.17745
-0.00028999999999990145
-2.50%
