Market Analysis of EURUSD on Thursday 08 May 2025

EUR/USD Intraday: target 1.1700.
 
Pivot:
1.1760
 
Our preference:
Short positions below 1.1760 with targets at 1.1700 & 1.1675 in extension.
 
Alternative scenario:
Above 1.1760 look for further upside with 1.1780 & 1.1795 as targets.
 
Comment:
The RSI shows downside momentum.