EUR/USD Intraday: under pressure
Dec 9, 2024 11:31 PM
short positions below 1.0590 with targets at 1.0530 & 1.0510 in extension.
Pivot: 1.0590
Our preference:
short positions below 1.0590 with targets at 1.0530 & 1.0510 in extension.
Alternative scenario:
above 1.0590 look for further upside with 1.0610 & 1.0630 as targets.
Comment:
as long as the resistance at 1.0590 is not surpassed, the risk of the break below 1.0530 remains high.
Supports and resistances:
1.0630
1.0610
1.0590
1.0555 Last
1.0530
1.0510
1.0490
Our preference:
short positions below 1.0590 with targets at 1.0530 & 1.0510 in extension.
Alternative scenario:
above 1.0590 look for further upside with 1.0610 & 1.0630 as targets.
Comment:
as long as the resistance at 1.0590 is not surpassed, the risk of the break below 1.0530 remains high.
Supports and resistances:
1.0630
1.0610
1.0590
1.0555 Last
1.0530
1.0510
1.0490
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
1.177
0.001
+0.12%
