EUR/USD Middle Term: bullish bias above 1.1100.
EUR/USD (EUR/USD)
+0.00226+0.20%
long positions above 1.1100 with targets at 1.2080 & 1.2550 in extension.
Pivot: 1.1100
Our preference: long positions above 1.1100 with targets at 1.2080 & 1.2550 in extension.
Alternative scenario: below 1.1100 look for further downside with 1.0560 & 1.0140 as targets.
Comment: even though a continuation of the consolidation cannot be ruled out, its extent should be limited.
Supports and resistances:
1.2900 **
1.2550 ***
1.2080 ***
1.1559 Last
1.1100 ***
1.0560 **
1.0140 ***
Our preference: long positions above 1.1100 with targets at 1.2080 & 1.2550 in extension.
Alternative scenario: below 1.1100 look for further downside with 1.0560 & 1.0140 as targets.
Comment: even though a continuation of the consolidation cannot be ruled out, its extent should be limited.
Supports and resistances:
1.2900 **
1.2550 ***
1.2080 ***
1.1559 Last
1.1100 ***
1.0560 **
1.0140 ***
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.
