EUR/USD may rise 16 - 31 pips
BY Trading Central
|July 12, 2024Intraday: bullish bias above 1.0845.
Pivot
1.0845
Our preference
Long positions above 1.0845 with targets at 1.0885 & 1.0900 in extension.
Alternative scenario
Below 1.0845 look for further downside with 1.0825 & 1.0805 as targets.
Comment
Even though a continuation of the consolidation cannot be ruled out, its extent should be limited.
Supports and resistances
1.0915
1.0900
1.0885
1.0869 Last
1.0845
1.0825
1.0805
Number of asterisks represents the strength of support and resistance levels.
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