EUR/USD Intraday: Pivot threshold in sight
EUR/USD (EUR/USD)
+0.00002+0.00%
Even if a technical recovery cannot be ruled out, a drop towards 1.1137 remains likely as long as 1.1193 is resistance
Our pivot point is at 1.1193.
Our preference: Even if a technical recovery cannot be ruled out, a drop towards 1.1137 remains likely as long as 1.1193 is resistance
Alternative scenario: above 1.1193, look for 1.1213 and 1.1225.
Comment: Price is close to our pivot level; this could be the last opportunity for a reversal.
Supports and resistances:
1.1225 **
1.1213 *
1.1193 **
1.1183 last
1.1149
1.1137 **
1.1125 *
Our preference: Even if a technical recovery cannot be ruled out, a drop towards 1.1137 remains likely as long as 1.1193 is resistance
Alternative scenario: above 1.1193, look for 1.1213 and 1.1225.
Comment: Price is close to our pivot level; this could be the last opportunity for a reversal.
Supports and resistances:
1.1225 **
1.1213 *
1.1193 **
1.1183 last
1.1149
1.1137 **
1.1125 *
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.
