EUR/USD Intraday: the downside prevails
Nov 6, 2024 3:50 AM
short positions below 1.0840 with targets at 1.0710 & 1.0665 in extension.
Pivot: 1.0840
Our preference:
short positions below 1.0840 with targets at 1.0710 & 1.0665 in extension.
Alternative scenario:
above 1.0840 look for further upside with 1.0870 & 1.0900 as targets.
Comment:
the immediate trend remains down and the momentum is strong.
Supports and resistances:
1.0900
1.0870
1.0840
1.0758 Last
1.0710
1.0665
1.0620
Our preference:
short positions below 1.0840 with targets at 1.0710 & 1.0665 in extension.
Alternative scenario:
above 1.0840 look for further upside with 1.0870 & 1.0900 as targets.
Comment:
the immediate trend remains down and the momentum is strong.
Supports and resistances:
1.0900
1.0870
1.0840
1.0758 Last
1.0710
1.0665
1.0620
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
1.16318
-0.0018999999999997907
-16.30%
