EUR/USD Intraday: under pressure

Feb 18, 2025 9:58 PM

short positions below 1.0470 with targets at 1.0425 & 1.0405 in extension.

Pivot: 1.0470
Our preference:
short positions below 1.0470 with targets at 1.0425 & 1.0405 in extension.
Alternative scenario:
above 1.0470 look for further upside with 1.0486 & 1.0510 as targets.
Comment:
the RSI is bearish and calls for further decline.
Supports and resistances:
1.0510
1.0486
1.0470
1.0446 Last
1.0425
1.0405
1.0383

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