EUR/USD Intraday: under pressure
Aug 28, 2024 6:26 AM
short positions below 1.1190 with targets at 1.1130 & 1.1110 in extension.
Pivot: 1.1190
Our preference:
short positions below 1.1190 with targets at 1.1130 & 1.1110 in extension.
Alternative scenario:
above 1.1190 look for further upside with 1.1210 & 1.1230 as targets.
Comment:
the RSI has struck against a major resistance around 70% and is reversing down.
Supports and resistances:
1.1230
1.1210
1.1190
1.1159 Last
1.1130
1.1110
1.1095
Our preference:
short positions below 1.1190 with targets at 1.1130 & 1.1110 in extension.
Alternative scenario:
above 1.1190 look for further upside with 1.1210 & 1.1230 as targets.
Comment:
the RSI has struck against a major resistance around 70% and is reversing down.
Supports and resistances:
1.1230
1.1210
1.1190
1.1159 Last
1.1130
1.1110
1.1095
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Related Instruments
EUR/USD
1.18953
0.0000700000000000145
+0.60%
