EUR/USD Intraday: consolidation
Apr 17, 2025 1:17 AM
long positions above 1.1340 with targets at 1.1415 & 1.1435 in extension.
Pivot: 1.1340
Our preference:
long positions above 1.1340 with targets at 1.1415 & 1.1435 in extension.
Alternative scenario:
below 1.1340 look for further downside with 1.1305 & 1.1270 as targets.
Comment:
even though a continuation of the consolidation cannot be ruled out, its extent should be limited.
Supports and resistances:
1.1465
1.1435
1.1415
1.1360 Last
1.1340
1.1305
1.1270
Our preference:
long positions above 1.1340 with targets at 1.1415 & 1.1435 in extension.
Alternative scenario:
below 1.1340 look for further downside with 1.1305 & 1.1270 as targets.
Comment:
even though a continuation of the consolidation cannot be ruled out, its extent should be limited.
Supports and resistances:
1.1465
1.1435
1.1415
1.1360 Last
1.1340
1.1305
1.1270
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