EUR/USD Intraday: the downside prevails
Nov 12, 2024 10:30 AM
short positions below 1.0660 with targets at 1.0600 & 1.0565 in extension.
Pivot: 1.0660
Our preference:
short positions below 1.0660 with targets at 1.0600 & 1.0565 in extension.
Alternative scenario:
above 1.0660 look for further upside with 1.0690 & 1.0725 as targets.
Comment:
the RSI is bearish and calls for further decline.
Supports and resistances:
1.0725
1.0690
1.0660
1.0615 Last
1.0600
1.0565
1.0540
Our preference:
short positions below 1.0660 with targets at 1.0600 & 1.0565 in extension.
Alternative scenario:
above 1.0660 look for further upside with 1.0690 & 1.0725 as targets.
Comment:
the RSI is bearish and calls for further decline.
Supports and resistances:
1.0725
1.0690
1.0660
1.0615 Last
1.0600
1.0565
1.0540
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
1.184
-0.002
-0.21%
