EUR/USD Intraday: key resistance at 1.0970
Apr 8, 2025 1:11 AM
short positions below 1.0970 with targets at 1.0900 & 1.0880 in extension.
Pivot: 1.0970
Our preference:
short positions below 1.0970 with targets at 1.0900 & 1.0880 in extension.
Alternative scenario:
above 1.0970 look for further upside with 1.1000 & 1.1040 as targets.
Comment:
as long as the resistance at 1.0970 is not surpassed, the risk of the break below 1.0900 remains high.
Supports and resistances:
1.1040
1.1000
1.0970
1.0938 Last
1.0900
1.0880
1.0860
Our preference:
short positions below 1.0970 with targets at 1.0900 & 1.0880 in extension.
Alternative scenario:
above 1.0970 look for further upside with 1.1000 & 1.1040 as targets.
Comment:
as long as the resistance at 1.0970 is not surpassed, the risk of the break below 1.0900 remains high.
Supports and resistances:
1.1040
1.1000
1.0970
1.0938 Last
1.0900
1.0880
1.0860
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Related Instruments
EUR/USD
1.17745
-0.00028999999999990145
-2.50%
