UncategorizedWeekly Analysis

EUR/USD Intraday: bullish bias above 1.1135.

Pivot: 1.1135

Our preference: long positions above 1.1135 with targets at 1.1180 & 1.1205 in extension.

Alternative scenario: below 1.1135 look for further downside with 1.1115 & 1.1100 as targets.

Comment: a support base at 1.1135 has formed and has allowed for a temporary stabilisation. The RSI shows that the pair lacks downward momentum.

Supports and resistances:
1.1225
1.1205
1.1180
1.1156 Last
1.1135
1.1115
1.1100

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