EUR/USD Daily Chart : Under Pressure.
Pivot: 1.0850
Preference: short positions below 1.0850 with targets at 1.0350 & 1.0200 in extension.
Alternative scenario: above 1.0850 look for further upside with 1.1150 & 1.1300 as targets.
Comment: the RSI shows downside momentum.
Supports and resistances:
1.1300 **
1.1150 **
1.0850 ***
1.0550 Last
1.0350 ***
1.0200 **
0.9950 **
Preference: short positions below 1.0850 with targets at 1.0350 & 1.0200 in extension.
Alternative scenario: above 1.0850 look for further upside with 1.1150 & 1.1300 as targets.
Comment: the RSI shows downside momentum.
Supports and resistances:
1.1300 **
1.1150 **
1.0850 ***
1.0550 Last
1.0350 ***
1.0200 **
0.9950 **
