EUR/USD Intraday: Key support level approaches
EUR/USD (EUR/USD)
-0.00382-0.33%
The downside prevails as long as 1.1596 is resistance, with 1.1554 and 1.1544 as targets
Our pivot point is at 1.1596.
Our preference: The downside prevails as long as 1.1596 is resistance, with 1.1554 and 1.1544 as targets
Alternative scenario: above 1.1596, look for 1.1612 and 1.1621.
Comment: Prices are now within reach of our first target, a level that could trigger a pullback. On the flip side, a decisive break below it may extend the current decline.
Supports and resistances:
1.1621 **
1.1612 *
1.1596 **
1.1566 last
1.1554
1.1544 **
1.1535 *
Our preference: The downside prevails as long as 1.1596 is resistance, with 1.1554 and 1.1544 as targets
Alternative scenario: above 1.1596, look for 1.1612 and 1.1621.
Comment: Prices are now within reach of our first target, a level that could trigger a pullback. On the flip side, a decisive break below it may extend the current decline.
Supports and resistances:
1.1621 **
1.1612 *
1.1596 **
1.1566 last
1.1554
1.1544 **
1.1535 *
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