EURUSD - Intraday - We look to Sell at 1.2168 (stop at 1.2191)
Pivot resistance is at 1.2177.
Daily signals for sentiment are at overbought extremes.
Short term RSI is moving lower.
Short term MACD is moving lower.
The trend of higher intraday lows has also been broken.
A break of yesterdays low would confirm bearish momentum.
The bias is to break to the downside.
Our profit targets will be 1.2101 and 1.2054
Resistance: 1.2170 / 1.2200 / 1.2220
Support: 1.2130 / 1.2100 / 1.2050
Pivot resistance is at 1.2177.
Daily signals for sentiment are at overbought extremes.
Short term RSI is moving lower.
Short term MACD is moving lower.
The trend of higher intraday lows has also been broken.
A break of yesterdays low would confirm bearish momentum.
The bias is to break to the downside.
Our profit targets will be 1.2101 and 1.2054
Resistance: 1.2170 / 1.2200 / 1.2220
Support: 1.2130 / 1.2100 / 1.2050
Order cancelled
Trade expired
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Related publications
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.