EUR/USD Intraday: under pressure

Oct 1, 2024 11:33 AM

short positions below 1.1165 with targets at 1.1080 & 1.1050 in extension.

Pivot: 1.1165
Our preference:
short positions below 1.1165 with targets at 1.1080 & 1.1050 in extension.
Alternative scenario:
above 1.1165 look for further upside with 1.1185 & 1.1205 as targets.
Comment:
the RSI is bearish and calls for further decline.
Supports and resistances:
1.1205
1.1185
1.1165
1.1108 Last
1.1080
1.1050
1.0970

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