EUR/USD Intraday: capped by a negative trend line
Feb 19, 2025 10:08 AM
short positions below 1.0460 with targets at 1.0410 & 1.0380 in extension.
Pivot: 1.0460
Our preference:
short positions below 1.0460 with targets at 1.0410 & 1.0380 in extension.
Alternative scenario:
above 1.0460 look for further upside with 1.0485 & 1.0510 as targets.
Comment:
as long as 1.0460 is resistance, look for choppy price action with a bearish bias.
Supports and resistances:
1.0510
1.0485
1.0460
1.0434 Last
1.0410
1.0380
1.0350
Our preference:
short positions below 1.0460 with targets at 1.0410 & 1.0380 in extension.
Alternative scenario:
above 1.0460 look for further upside with 1.0485 & 1.0510 as targets.
Comment:
as long as 1.0460 is resistance, look for choppy price action with a bearish bias.
Supports and resistances:
1.0510
1.0485
1.0460
1.0434 Last
1.0410
1.0380
1.0350
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%
