EUR/USD Analysis: Upside Prevails (READ DESCRIPTION)
EUR/USD Intraday Analysis: Upside Prevails
Pivot Point:
1.1105
Primary Strategy (Our Preference):
Consider initiating long positions above the key pivot of 1.1105. Upside targets include 1.1140 as the initial level, followed by an extended move towards 1.1155.
Alternative Scenario:
In the event the price drops below 1.1105, anticipate further downside with targets set at 1.1090 and 1.1070.
Technical Outlook:
Although some consolidation may occur, it is expected to be limited. The overall trend favors the upside above 1.1105.
Pivot Point:
1.1105
Primary Strategy (Our Preference):
Consider initiating long positions above the key pivot of 1.1105. Upside targets include 1.1140 as the initial level, followed by an extended move towards 1.1155.
Alternative Scenario:
In the event the price drops below 1.1105, anticipate further downside with targets set at 1.1090 and 1.1070.
Technical Outlook:
Although some consolidation may occur, it is expected to be limited. The overall trend favors the upside above 1.1105.
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