EUR/USD Intraday: Under Pressure (read description)
EUR/USD Intraday: Under Pressure
Pivot:
1.1060
Preferred Strategy:
Sell below 1.1060, targeting 1.1010 and 1.0990 on extension.
Alternative Scenario:
If the price moves above 1.1060, expect further upside with targets at 1.1075 and 1.1090.
As long as 1.1060 acts as resistance, expect choppy price action with a bearish bias.
Pivot:
1.1060
Preferred Strategy:
Sell below 1.1060, targeting 1.1010 and 1.0990 on extension.
Alternative Scenario:
If the price moves above 1.1060, expect further upside with targets at 1.1075 and 1.1090.
As long as 1.1060 acts as resistance, expect choppy price action with a bearish bias.
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