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EUR/USD Intraday: continuation of the rebound.

2024-05-24
1131

Pivot: 1.0815

Our preference: long positions above 1.0815 with targets at 1.0845 & 1.0860 in extension.

Alternative scenario: below 1.0815 look for further downside with 1.0800 & 1.0785 as targets.

Comment: the break above 1.0815 is a positive signal that has opened a path to 1.0845.

Supports and resistances:

1.0875

1.0860

1.0845

1.0833 Last

1.0815

1.0800

1.0785

The above information is provided by special analysts and is for reference only. CM Trade does not guarantee the accuracy, timeliness and completeness of the information content, so you should not place too much reliance on the information provided. CM Trade is not a company that provides financial advice, and only provides services of the nature of execution of orders. Readers are advised to seek relevant investment advice on their own. Please see our full disclaimer.

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