Forex

EUR/USD may fall 17 - 32 pips

2024-08-13

Pivot

1.0930

Our preference

Short positions below 1.0930 with targets at 1.0905 & 1.0890 in extension.

Alternative scenario

Above 1.0930 look for further upside with 1.0945 & 1.0960 as targets.

Comment

The break below 1.0930 is a negative signal that has opened a path to 1.0905.

Supports and resistances

1.0960

1.0945

1.0930

1.0922 Last

1.0905

1.0890

1.0880

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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