Forex

EUR/USD is neutral

2024-07-08

Pivot

1.0910

Our preference

Short positions below 1.0910 with targets at 1.0670 & 1.0600 in extension.

Alternative scenario

Above 1.0910 look for further upside with 1.1000 & 1.1140 as targets.

Comment

The upward potential is likely to be limited by the resistance at 1.0910.

Supports and resistances

1.1140

1.1000

1.0910

1.0823 Last

1.0670

1.0600

1.0515

Number of asterisks represents the strength of support and resistance levels.

This is not investment advice. Past performance does not represent future performance. Your funds are at risk, please trade with caution and responsibility.


Author:

Paul Reid
Tradingtop

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