EUR/USD Short Term: Watching for a Trigger Above Resistance
EUR/USD (EUR/USD)
+0.00040+0.03%
The upside prevails as long as 1.1462 is support, with 1.1746 and 1.1825 as targets
Our pivot point is at 1.1462.
Our preference: The upside prevails as long as 1.1462 is support, with 1.1746 and 1.1825 as targets
Alternative scenario: below 1.1462, expect 1.1330 and 1.1251.
Comment: With prices now approaching our initial target, this level may prompt a throwback. That said, a decisive break above it could also act as a catalyst for further upside.
Supports and resistances:
1.1904 *
1.1825 **
1.1746
1.1686 last
1.1462 **
1.1330 *
1.1251 **
Our preference: The upside prevails as long as 1.1462 is support, with 1.1746 and 1.1825 as targets
Alternative scenario: below 1.1462, expect 1.1330 and 1.1251.
Comment: With prices now approaching our initial target, this level may prompt a throwback. That said, a decisive break above it could also act as a catalyst for further upside.
Supports and resistances:
1.1904 *
1.1825 **
1.1746
1.1686 last
1.1462 **
1.1330 *
1.1251 **
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