EUR/USD Intraday: under pressure
Dec 11, 2024 12:05 PM
short positions below 1.0545 with targets at 1.0485 & 1.0450 in extension.
Pivot: 1.0545
Our preference:
short positions below 1.0545 with targets at 1.0485 & 1.0450 in extension.
Alternative scenario:
above 1.0545 look for further upside with 1.0565 & 1.0590 as targets.
Comment:
as long as the resistance at 1.0545 is not surpassed, the risk of the break below 1.0485 remains high.
Supports and resistances:
1.0590
1.0565
1.0545
1.0506 Last
1.0485
1.0450
1.0300
Our preference:
short positions below 1.0545 with targets at 1.0485 & 1.0450 in extension.
Alternative scenario:
above 1.0545 look for further upside with 1.0565 & 1.0590 as targets.
Comment:
as long as the resistance at 1.0545 is not surpassed, the risk of the break below 1.0485 remains high.
Supports and resistances:
1.0590
1.0565
1.0545
1.0506 Last
1.0485
1.0450
1.0300
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
1.178
0.002
+0.20%
