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EUR/USD Intraday: key resistance at 1.0920.

2024-07-16
880

Pivot: 1.0920

Our preference: short positions below 1.0920 with targets at 1.0875 & 1.0860 in extension.

Alternative scenario: above 1.0920 look for further upside with 1.0935 & 1.0950 as targets.

Comment: as long as 1.0920 is resistance, look for choppy price action with a bearish bias.

Supports and resistances:

1.0950

1.0935

1.0920

1.0895 Last

1.0875

1.0860

1.0845

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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