EUR/USD Intraday: consolidation in place.
EUR/USD (EUR/USD)
-0.00153-0.13%
long positions above 1.1775 with targets at 1.1810 & 1.1830 in extension.
Pivot: 1.1775
Our preference: long positions above 1.1775 with targets at 1.1810 & 1.1830 in extension.
Alternative scenario: below 1.1775 look for further downside with 1.1760 & 1.1745 as targets.
Comment: even though a continuation of the consolidation cannot be ruled out, its extent should be limited.
Supports and resistances:
1.1850
1.1830
1.1810
1.1792 Last
1.1775
1.1760
1.1745
Our preference: long positions above 1.1775 with targets at 1.1810 & 1.1830 in extension.
Alternative scenario: below 1.1775 look for further downside with 1.1760 & 1.1745 as targets.
Comment: even though a continuation of the consolidation cannot be ruled out, its extent should be limited.
Supports and resistances:
1.1850
1.1830
1.1810
1.1792 Last
1.1775
1.1760
1.1745
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