EUR/USD Intraday: the downside prevails
Aug 30, 2024 5:59 AM
short positions below 1.1105 with targets at 1.1055 & 1.1030 in extension.
Pivot: 1.1105
Our preference:
short positions below 1.1105 with targets at 1.1055 & 1.1030 in extension.
Alternative scenario:
above 1.1105 look for further upside with 1.1130 & 1.1160 as targets.
Comment:
as long as 1.1105 is resistance, look for choppy price action with a bearish bias.
Supports and resistances:
1.1160
1.1130
1.1105
1.1075 Last
1.1055
1.1030
1.1005
Our preference:
short positions below 1.1105 with targets at 1.1055 & 1.1030 in extension.
Alternative scenario:
above 1.1105 look for further upside with 1.1130 & 1.1160 as targets.
Comment:
as long as 1.1105 is resistance, look for choppy price action with a bearish bias.
Supports and resistances:
1.1160
1.1130
1.1105
1.1075 Last
1.1055
1.1030
1.1005
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Related Instruments
EUR/USD
1.19017
-0.0012499999999999734
-10.50%
