EUR/USD Intraday: the downside prevails
Feb 3, 2025 3:42 AM
short positions below 1.0310 with targets at 1.0165 & 1.0110 in extension.
Pivot: 1.0310
Our preference:
short positions below 1.0310 with targets at 1.0165 & 1.0110 in extension.
Alternative scenario:
above 1.0310 look for further upside with 1.0355 & 1.0395 as targets.
Comment:
as long as the resistance at 1.0310 is not surpassed, the risk of the break below 1.0165 remains high.
Supports and resistances:
1.0395
1.0355
1.0310
1.0219 Last
1.0165
1.0110
1.0080
Our preference:
short positions below 1.0310 with targets at 1.0165 & 1.0110 in extension.
Alternative scenario:
above 1.0310 look for further upside with 1.0355 & 1.0395 as targets.
Comment:
as long as the resistance at 1.0310 is not surpassed, the risk of the break below 1.0165 remains high.
Supports and resistances:
1.0395
1.0355
1.0310
1.0219 Last
1.0165
1.0110
1.0080
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%
