EUR/USD Intraday: intraday support around 1.0705.
Jun 18, 2024 11:15
EUR/USD (EUR/USD)
-0.00374-0.32%
long positions above 1.0705 with targets at 1.0745 & 1.0780 in extension.
Pivot: 1.0705
Our preference: long positions above 1.0705 with targets at 1.0745 & 1.0780 in extension.
Alternative scenario: below 1.0705 look for further downside with 1.0685 & 1.0665 as targets.
Comment: even though a continuation of the consolidation cannot be ruled out, its extent should be limited.
Supports and resistances:
1.0805
1.0780
1.0745
1.0712 Last
1.0705
1.0685
1.0665
Our preference: long positions above 1.0705 with targets at 1.0745 & 1.0780 in extension.
Alternative scenario: below 1.0705 look for further downside with 1.0685 & 1.0665 as targets.
Comment: even though a continuation of the consolidation cannot be ruled out, its extent should be limited.
Supports and resistances:
1.0805
1.0780
1.0745
1.0712 Last
1.0705
1.0685
1.0665
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.
