EUR/USD Intraday: the downside prevails.

Limited Decrease
l
1675392761203
EURUSD+0%
2025-01-02 13:02Source:TC

Pivot: 1.0350

Our preference: short positions below 1.0350 with targets at 1.0295 & 1.0270 in extension.

Alternative scenario: above 1.0350 look for further upside with 1.0375 & 1.0400 as targets.

Comment: the break below 1.0350 is a negative signal that has opened a path to 1.0295.

Supports and resistances:

1.0400

1.0375

1.0350

1.0322 Last

1.0295

1.0270

1.0245

Head of Research at TRADING CENTRAL: Rémy GAUSSENS

TRADING CENTRAL is governed by the Code of Conduct of ANACOFI-CIF, an association approved by the Autorité des Marchés Financiers and registered with ORIAS under number 17005458.

Written on 01-02-2025 at 13:02 UTC+1

Price reference: 1.0322 last known on 01-02-2025 at 13:02 UTC+1

Investment horizon: INTRADAY

TRADING CENTRAL recommends reading the legal and regulatory information as well as the warnings concerning the information provided accessible from the following link : ​https://global.tradingcentral.com/www/pdf/terms_of_use_web_sites_en.pdf

Reference points and analysis views from trading strategies are provided by external providers, and strategy views are only the analyst's personal evaluation and assessment, not considering the investor's investment goals and financial conditions. All strategy views are not investment advice or recommendations, only for reference. Our company also does not guarantee the accuracy of strategy views and is not responsible for any negative results that may arise from trading strategies.

More