EUR/USD Intraday: under pressure
Oct 22, 2024 3:48 AM
short positions below 1.0840 with targets at 1.0800 & 1.0780 in extension.
Pivot: 1.0840
Our preference:
short positions below 1.0840 with targets at 1.0800 & 1.0780 in extension.
Alternative scenario:
above 1.0840 look for further upside with 1.0855 & 1.0870 as targets.
Comment:
as long as the resistance at 1.0840 is not surpassed, the risk of the break below 1.0800 remains high.
Supports and resistances:
1.0870
1.0855
1.0840
1.0816 Last
1.0800
1.0780
1.0765
Our preference:
short positions below 1.0840 with targets at 1.0800 & 1.0780 in extension.
Alternative scenario:
above 1.0840 look for further upside with 1.0855 & 1.0870 as targets.
Comment:
as long as the resistance at 1.0840 is not surpassed, the risk of the break below 1.0800 remains high.
Supports and resistances:
1.0870
1.0855
1.0840
1.0816 Last
1.0800
1.0780
1.0765
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
1.16549
0.0020700000000000163
+17.80%
