Market Analysis of EURUSD on Wednesday 07 May 2025

2025-05-07 10:02Source:BtcDana

EUR/USD Intraday: bullish bias above 1.1305.

 

Pivot:

1.1305

 

Our preference:

Long positions above 1.1305 with targets at 1.1380 & 1.1400 in extension.

 

Alternative scenario:

Below 1.1305 look for further downside with 1.1280 & 1.1260 as targets.

 

Comment:

Even though a continuation of the consolidation cannot be ruled out, its extent should be limited.

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