EUR/USD Intraday: the downside prevails
Nov 6, 2024 11:42 PM
short positions below 1.0780 with targets at 1.0685 & 1.0660 in extension.
Pivot: 1.0780
Our preference:
short positions below 1.0780 with targets at 1.0685 & 1.0660 in extension.
Alternative scenario:
above 1.0780 look for further upside with 1.0810 & 1.0840 as targets.
Comment:
the RSI advocates for further downside.
Supports and resistances:
1.0840
1.0810
1.0780
1.0731 Last
1.0685
1.0660
1.0640
Our preference:
short positions below 1.0780 with targets at 1.0685 & 1.0660 in extension.
Alternative scenario:
above 1.0780 look for further upside with 1.0810 & 1.0840 as targets.
Comment:
the RSI advocates for further downside.
Supports and resistances:
1.0840
1.0810
1.0780
1.0731 Last
1.0685
1.0660
1.0640
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
1.16846
-0.00017999999999984695
-1.50%
