EUR/USD Intraday: Watching for a Trigger Above Resistance

EUR/USD (EUR/USD)
+0.00015+0.01%
The upside prevails as long as 1.1586 is support, with 1.1641 and 1.1655 as targets
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Our pivot point is at 1.1586.

Our preference: The upside prevails as long as 1.1586 is support, with 1.1641 and 1.1655 as targets

Alternative scenario: below 1.1586, expect 1.1563 and 1.1550.

Comment: As prices near our first target, a throwback could occur, though a clean break above could fuel further gains.

Supports and resistances:
1.1668 *
1.1655 **
1.1641
1.1626 last
1.1586 **
1.1563 *
1.1550 **

Disclaimer: References, analysis and trading strategies are provided by the third-party provider, Trading Central, and the point of view is based on the independent assessment and judgment of the analyst, without considering the investment objectives and financial situation of the investors. All strategic opinions do not constitute investment advice or recommendations and are for references only. Our company also does not guarantee the accuracy of the strategic views and does not take any responsibility for the negative results caused by the trading strategies.
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