EUR/USD Intraday: under pressure
Feb 18, 2025 10:12 AM
short positions below 1.0485 with targets at 1.0425 & 1.0410 in extension.
Pivot: 1.0485
Our preference:
short positions below 1.0485 with targets at 1.0425 & 1.0410 in extension.
Alternative scenario:
above 1.0485 look for further upside with 1.0515 & 1.0530 as targets.
Comment:
as long as 1.0485 is resistance, look for choppy price action with a bearish bias.
Supports and resistances:
1.0530
1.0515
1.0485
1.0464 Last
1.0425
1.0410
1.0385
Our preference:
short positions below 1.0485 with targets at 1.0425 & 1.0410 in extension.
Alternative scenario:
above 1.0485 look for further upside with 1.0515 & 1.0530 as targets.
Comment:
as long as 1.0485 is resistance, look for choppy price action with a bearish bias.
Supports and resistances:
1.0530
1.0515
1.0485
1.0464 Last
1.0425
1.0410
1.0385
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%
