EUR/USD Short Term: under pressure
Oct 16, 2024 7:39 AM
short positions below 1.1200 with targets at 1.0810 & 1.0775 in extension.
Pivot: 1.1200
Our preference:
short positions below 1.1200 with targets at 1.0810 & 1.0775 in extension.
Alternative scenario:
above 1.1200 look for further upside with 1.1275 & 1.1380 as targets.
Comment:
the RSI is bearish and calls for further decline.
Supports and resistances:
1.1380
1.1275
1.1200
1.0875 Last
1.0810
1.0775
1.0670
Our preference:
short positions below 1.1200 with targets at 1.0810 & 1.0775 in extension.
Alternative scenario:
above 1.1200 look for further upside with 1.1275 & 1.1380 as targets.
Comment:
the RSI is bearish and calls for further decline.
Supports and resistances:
1.1380
1.1275
1.1200
1.0875 Last
1.0810
1.0775
1.0670
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
1.168
0.0045800000000000285
+39.40%
