EUR/USD Middle Term: consolidation.
EUR/USD (EUR/USD)
+0.00084+0.07%
short positions below 1.1930 with targets at 1.1320 & 1.1060 in extension.
Pivot: 1.1930
Our preference: short positions below 1.1930 with targets at 1.1320 & 1.1060 in extension.
Alternative scenario: above 1.1930 look for further upside with 1.2270 & 1.2550 as targets.
Comment: as long as the resistance at 1.1930 is not surpassed, the risk of the break below 1.1320 remains high.
Supports and resistances:
1.2550 ***
1.2270 **
1.1930 ***
1.1591 Last
1.1320 ***
1.1060 **
1.0800 ***
Our preference: short positions below 1.1930 with targets at 1.1320 & 1.1060 in extension.
Alternative scenario: above 1.1930 look for further upside with 1.2270 & 1.2550 as targets.
Comment: as long as the resistance at 1.1930 is not surpassed, the risk of the break below 1.1320 remains high.
Supports and resistances:
1.2550 ***
1.2270 **
1.1930 ***
1.1591 Last
1.1320 ***
1.1060 **
1.0800 ***
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