EUR/USD Intraday: under pressure.
Short positions below 1.0920 with targets at 1.0870 & 1.0850 in extension.
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Short positions below 1.0920 with targets at 1.0870 & 1.0850 in extension.
Short positions below 0.6730 with targets at 0.6675 & 0.6655 in extension.
Alternative scenario: the upside breakout of 0.6317 would call for 0.6346 and 0.6363.
The MACD is above its signal line and positive.
Long positions above 1.3445 with targets at 1.3500 & 1.3520 in extension.
Short positions below 0.6730 with targets at 0.6675 & 0.6655 in extension.
Long positions above 0.9045 with targets at 0.9080 & 0.9100 in extension.
Short positions below 131.40 with targets at 130.60 & 130.30 in extension.
Short positions below 1.2480 with targets at 1.2410 & 1.2380 in extension.
Short positions below 1.0925 with targets at 1.0870 & 1.0850 in extension.
Alternative scenario: the downside breakout of 1.3259 would call for 1.3231 and 1.3214.
Our preference: the downside prevails as long as 0.6337 is resistance.