Market Analysis of EURUSD on Monday 12 May 2025

2025-05-12 10:04Source:BtcDana

EUR/USD Intraday: the downside prevails.

 

Pivot:

1.1265

 

Our preference:

Short positions below 1.1265 with targets at 1.1195 & 1.1170 in extension.

 

Alternative scenario:

Above 1.1265 look for further upside with 1.1290 & 1.1315 as targets.

 

Comment:

As long as the resistance at 1.1265 is not surpassed, the risk of the break below 1.1195 remains high.

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