EUR/USD Intraday: Rebound or deeper decline ahead?
EUR/USD (EUR/USD)
+0.00084+0.07%
The downside prevails as long as 1.1638 is resistance, with 1.1577 and 1.1564 as targets
Our pivot point is at 1.1638.
Our preference: The downside prevails as long as 1.1638 is resistance, with 1.1577 and 1.1564 as targets
Alternative scenario: above 1.1638, look for 1.1660 and 1.1673.
Comment: Prices are now edging toward our first target. Should this level be reached, a pullback is likely to surface; yet a convincing break below it could open the door to further losses.
Supports and resistances:
1.1673 **
1.1660 *
1.1638 **
1.1591 last
1.1577
1.1564 **
1.1551 *
Our preference: The downside prevails as long as 1.1638 is resistance, with 1.1577 and 1.1564 as targets
Alternative scenario: above 1.1638, look for 1.1660 and 1.1673.
Comment: Prices are now edging toward our first target. Should this level be reached, a pullback is likely to surface; yet a convincing break below it could open the door to further losses.
Supports and resistances:
1.1673 **
1.1660 *
1.1638 **
1.1591 last
1.1577
1.1564 **
1.1551 *
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