EUR/USD Intraday Analysis (READ DESCRIPTION)
EUR/USD Intraday Analysis: Further Advance Expected
Pivot Point:
1.1070
Primary Strategy (Our Preference):
Consider initiating long positions above the key pivot of 1.1070. Upside targets include 1.1120 as the initial level, followed by an extended move towards 1.1140.
Alternative Strategy:
In the event the price drops below 1.1070, anticipate further downside pressure with targets set at 1.1055 and 1.1040.
Technical Outlook:
The RSI is bullish, signaling potential for further upward movement. Traders should monitor the 1.1070 level as critical support for continued gains.
Pivot Point:
1.1070
Primary Strategy (Our Preference):
Consider initiating long positions above the key pivot of 1.1070. Upside targets include 1.1120 as the initial level, followed by an extended move towards 1.1140.
Alternative Strategy:
In the event the price drops below 1.1070, anticipate further downside pressure with targets set at 1.1055 and 1.1040.
Technical Outlook:
The RSI is bullish, signaling potential for further upward movement. Traders should monitor the 1.1070 level as critical support for continued gains.
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