EUR/USD Intraday: capped by a negative trend line
Sep 3, 2024 11:37 PM
short positions below 1.1060 with targets at 1.1025 & 1.1010 in extension.
Pivot: 1.1060
Our preference:
short positions below 1.1060 with targets at 1.1025 & 1.1010 in extension.
Alternative scenario:
above 1.1060 look for further upside with 1.1075 & 1.1090 as targets.
Comment:
as long as 1.1060 is resistance, look for choppy price action with a bearish bias.
Supports and resistances:
1.1090
1.1075
1.1060
1.1049 Last
1.1025
1.1010
1.0900
Our preference:
short positions below 1.1060 with targets at 1.1025 & 1.1010 in extension.
Alternative scenario:
above 1.1060 look for further upside with 1.1075 & 1.1090 as targets.
Comment:
as long as 1.1060 is resistance, look for choppy price action with a bearish bias.
Supports and resistances:
1.1090
1.1075
1.1060
1.1049 Last
1.1025
1.1010
1.0900
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
1.19082
-0.0005999999999999339
-5.00%
