EUR/USD Intraday Analysis: Further Advance Expected
Pivot Point:
1.1070
Primary Strategy (Our Preference):
Consider initiating long positions above the key pivot of 1.1070. Upside targets include 1.1120 as the initial level, followed by an extended move towards 1.1140.
Alternative Strategy:
In the event the price drops below 1.1070, anticipate further downside pressure with targets set at 1.1055 and 1.1040.
Technical Outlook:
The RSI is bullish, signaling potential for further upward movement. Traders should monitor the 1.1070 level as critical support for continued gains.
Pivot Point:
1.1070
Primary Strategy (Our Preference):
Consider initiating long positions above the key pivot of 1.1070. Upside targets include 1.1120 as the initial level, followed by an extended move towards 1.1140.
Alternative Strategy:
In the event the price drops below 1.1070, anticipate further downside pressure with targets set at 1.1055 and 1.1040.
Technical Outlook:
The RSI is bullish, signaling potential for further upward movement. Traders should monitor the 1.1070 level as critical support for continued gains.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.