EUR/USD Intraday Analysis: Potential Fall of 10 - 25 Pips
Pivot Point:
1.1135
Primary Strategy (My Preference):
Consider short positions below the 1.1135 pivot, aiming for 1.1110 as the initial target, with an extension towards 1.1095.
Alternative Scenario:
If the price moves above 1.1135, expect further upside with targets at 1.1150 and 1.1165.
Technical Outlook:
The upward potential is likely constrained by the resistance at 1.1135, suggesting limited room for further gains.
Pivot Point:
1.1135
Primary Strategy (My Preference):
Consider short positions below the 1.1135 pivot, aiming for 1.1110 as the initial target, with an extension towards 1.1095.
Alternative Scenario:
If the price moves above 1.1135, expect further upside with targets at 1.1150 and 1.1165.
Technical Outlook:
The upward potential is likely constrained by the resistance at 1.1135, suggesting limited room for further 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.