EUR/USD Intraday: under pressure
Jan 29, 2025 12:01 PM
short positions below 1.0425 with targets at 1.0370 & 1.0340 in extension.
Pivot: 1.0425
Our preference:
short positions below 1.0425 with targets at 1.0370 & 1.0340 in extension.
Alternative scenario:
above 1.0425 look for further upside with 1.0455 & 1.0480 as targets.
Comment:
the break below 1.0425 is a negative signal that has opened a path to 1.0370.
Supports and resistances:
1.0480
1.0455
1.0425
1.0397 Last
1.0370
1.0340
1.0305
Our preference:
short positions below 1.0425 with targets at 1.0370 & 1.0340 in extension.
Alternative scenario:
above 1.0425 look for further upside with 1.0455 & 1.0480 as targets.
Comment:
the break below 1.0425 is a negative signal that has opened a path to 1.0370.
Supports and resistances:
1.0480
1.0455
1.0425
1.0397 Last
1.0370
1.0340
1.0305
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
1.173
-0.000
-0.02%
