EUR/USD may fall to 1.0515 - 1.0600

BY Trading Central

|May 7, 2024

ST: capped by a negative trend line.

 ST: capped by a negative trend line.



Our preference

Short positions below 1.0800 with targets at 1.0600 & 1.0515 in extension.

Alternative scenario

Above 1.0800 look for further upside with 1.0885 & 1.1015 as targets.


The RSI lacks upward momentum.

Supports and resistances




1.0786 Last




Number of asterisks represents the strength of support and resistance levels.

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