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EUR/USD Intraday: bullish bias above 1.0845.

2024-07-12
422

Pivot: 1.0845

Our preference: long positions above 1.0845 with targets at 1.0885 & 1.0900 in extension.

Alternative scenario: below 1.0845 look for further downside with 1.0825 & 1.0805 as targets.

Comment: even though a continuation of the consolidation cannot be ruled out, its extent should be limited.

Supports and resistances:

1.0915

1.0900

1.0885

1.0869 Last

1.0845

1.0825

1.0805

The above information is provided by special analysts and is for reference only. CM Trade does not guarantee the accuracy, timeliness and completeness of the information content, so you should not place too much reliance on the information provided. CM Trade is not a company that provides financial advice, and only provides services of the nature of execution of orders. Readers are advised to seek relevant investment advice on their own. Please see our full disclaimer.

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