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EUR/USD Intraday: under pressure.

2024-04-16
889

Pivot: 1.0635

Our preference: short positions below 1.0635 with targets at 1.0595 & 1.0580 in extension.

Alternative scenario: above 1.0635 look for further upside with 1.0650 & 1.0665 as targets.

Comment: the RSI lacks upward momentum.

Supports and resistances:

1.0665

1.0650

1.0635

1.0615 Last

1.0595

1.0580

1.0565

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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