EUR/USD Intraday: under pressure.

EUR/USD (EUR/USD)
-0.00389-0.34%
short positions below 1.1420 with targets at 1.1375 & 1.1355 in extension.
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Pivot: 1.1420

Our preference: short positions below 1.1420 with targets at 1.1375 & 1.1355 in extension.

Alternative scenario: above 1.1420 look for further upside with 1.1440 & 1.1460 as targets.

Comment: as long as 1.1420 is resistance, look for choppy price action with a bearish bias.

Supports and resistances:
1.1460 ***
1.1440 **
1.1420 ***
1.1400 Last
1.1375 **
1.1355 **
1.1335 **

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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