EUR/USD Intraday: Key resistance level approaches

EUR/USD (EUR/USD)
-0.00136-0.12%
The upside prevails as long as 1.1390 is support, with 1.1479 and 1.1493 as targets
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Our pivot point is at 1.1390.

Our preference: The upside prevails as long as 1.1390 is support, with 1.1479 and 1.1493 as targets

Alternative scenario: below 1.1390, expect 1.1368 and 1.1354.

Comment: Prices are now within reach of our first target, a level that could invite the price to consolidate. On the flip side, a clear break above it may well sustain the upward move.

Supports and resistances:
1.1506 *
1.1493 **
1.1479
1.1454 last
1.1390 **
1.1368 *
1.1354 **

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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