EUR/USD Intraday: supported by a rising trend line.

EUR/USD (EUR/USD)
-0.00565-0.54%
long positions above 1.0345 with targets at 1.0405 & 1.0435 in extension.
image
Pivot: 1.0345

Our preference: long positions above 1.0345 with targets at 1.0405 & 1.0435 in extension.

Alternative scenario: below 1.0345 look for further downside with 1.0305 & 1.0270 as targets.

Comment: even though a continuation of the consolidation cannot be ruled out, its extent should be limited.

Supports and resistances:
1.0465
1.0435
1.0405
1.0374 Last
1.0345
1.0305
1.0270

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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