EUR/USD Intraday: Target level as a potential turning point
EUR/USD (EUR/USD)
-0.00202-0.18%
The upside prevails as long as 1.1390 is support, with 1.1479 and 1.1493 as targets
Our pivot point is at 1.1390.
Our preference: The upside prevails as long as 1.1390 is support, with 1.1479 and 1.1493 as targets
Alternative scenario: below 1.1390, expect 1.1368 and 1.1354.
Comment: Prices are now close to our first target. Reaching this level could trigger a throwback. Conversely, a clear break above it could help drive the asset price higher.
Supports and resistances:
1.1506 *
1.1493 **
1.1479
1.1451 last
1.1390 **
1.1368 *
1.1354 **
Our preference: The upside prevails as long as 1.1390 is support, with 1.1479 and 1.1493 as targets
Alternative scenario: below 1.1390, expect 1.1368 and 1.1354.
Comment: Prices are now close to our first target. Reaching this level could trigger a throwback. Conversely, a clear break above it could help drive the asset price higher.
Supports and resistances:
1.1506 *
1.1493 **
1.1479
1.1451 last
1.1390 **
1.1368 *
1.1354 **
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