EUR/USD Intraday: consolidation
Feb 4, 2025 1:36 AM
long positions above 1.0270 with targets at 1.0355 & 1.0385 in extension.
Pivot: 1.0270
Our preference:
long positions above 1.0270 with targets at 1.0355 & 1.0385 in extension.
Alternative scenario:
below 1.0270 look for further downside with 1.0240 & 1.0210 as targets.
Comment:
even though a continuation of the consolidation cannot be ruled out, its extent should be limited.
Supports and resistances:
1.0430
1.0385
1.0355
1.0314 Last
1.0270
1.0240
1.0210
Our preference:
long positions above 1.0270 with targets at 1.0355 & 1.0385 in extension.
Alternative scenario:
below 1.0270 look for further downside with 1.0240 & 1.0210 as targets.
Comment:
even though a continuation of the consolidation cannot be ruled out, its extent should be limited.
Supports and resistances:
1.0430
1.0385
1.0355
1.0314 Last
1.0270
1.0240
1.0210
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Related Instruments
EUR/USD
1.173
-0.000
-0.02%
