EUR/USD Intraday: the downside prevails
Apr 4, 2025 10:47 AM
short positions below 1.1070 with targets at 1.0940 & 1.0905 in extension.
Pivot: 1.1070
Our preference:
short positions below 1.1070 with targets at 1.0940 & 1.0905 in extension.
Alternative scenario:
above 1.1070 look for further upside with 1.1120 & 1.1145 as targets.
Comment:
as long as the resistance at 1.1070 is not surpassed, the risk of the break below 1.0940 remains high.
Supports and resistances:
1.1145
1.1120
1.1070
1.1037 Last
1.0940
1.0905
1.0860
Our preference:
short positions below 1.1070 with targets at 1.0940 & 1.0905 in extension.
Alternative scenario:
above 1.1070 look for further upside with 1.1120 & 1.1145 as targets.
Comment:
as long as the resistance at 1.1070 is not surpassed, the risk of the break below 1.0940 remains high.
Supports and resistances:
1.1145
1.1120
1.1070
1.1037 Last
1.0940
1.0905
1.0860
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
1.17745
-0.00028999999999990145
-2.50%
