Forex

EUR/USD may fall 13 - 33 pips

2024-08-07

Pivot

1.0935

Our preference

Short positions below 1.0935 with targets at 1.0900 & 1.0880 in extension.

Alternative scenario

Above 1.0935 look for further upside with 1.0950 & 1.0965 as targets.

Comment

The RSI calls for a new downleg.

Supports and resistances

1.0965

1.0950

1.0935

1.0913 Last

1.0900

1.0880

1.0860

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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