EUR/USD Intraday: bullish bias above 1.1170
May 16, 2025 5:05 AM
long positions above 1.1170 with targets at 1.1225 & 1.1245 in extension.
Pivot: 1.1170
Our preference:
long positions above 1.1170 with targets at 1.1225 & 1.1245 in extension.
Alternative scenario:
below 1.1170 look for further downside with 1.1150 & 1.1130 as targets.
Comment:
the RSI lacks downward momentum.
Supports and resistances:
1.1265
1.1245
1.1225
1.1203 Last
1.1170
1.1150
1.1130
Our preference:
long positions above 1.1170 with targets at 1.1225 & 1.1245 in extension.
Alternative scenario:
below 1.1170 look for further downside with 1.1150 & 1.1130 as targets.
Comment:
the RSI lacks downward momentum.
Supports and resistances:
1.1265
1.1245
1.1225
1.1203 Last
1.1170
1.1150
1.1130
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Related Instruments
EUR/USD
1.17745
-0.00028999999999990145
-2.50%
