EUR/USD Intraday: under pressure
May 29, 2024 9:30 AM
short positions below 1.0860 with targets at 1.0820 & 1.0805 in extension.
Pivot: 1.0860
Our preference: short positions below 1.0860 with targets at 1.0820 & 1.0805 in extension.
Alternative scenario: above 1.0860 look for further upside with 1.0875 & 1.0885 as targets.
Comment: as long as 1.0860 is resistance, look for choppy price action with a bearish bias.
Supports and resistances:
1.0885
1.0875
1.0860
1.0844 Last
1.0820
1.0805
1.0790
Our preference: short positions below 1.0860 with targets at 1.0820 & 1.0805 in extension.
Alternative scenario: above 1.0860 look for further upside with 1.0875 & 1.0885 as targets.
Comment: as long as 1.0860 is resistance, look for choppy price action with a bearish bias.
Supports and resistances:
1.0885
1.0875
1.0860
1.0844 Last
1.0820
1.0805
1.0790
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
1.17488
0.0009999999999998899
+8.50%
