Market Analysis of EURUSD on Tuesday 7 May 2024

2024-05-07 10:07Source:BtcDana

EUR/USD Intraday: bullish bias above 1.0750.

 

Pivot:

1.0750

 

Our preference:

Long positions above 1.0750 with targets at 1.0790 & 1.0810 in extension.

 

Alternative scenario:

Below 1.0750 look for further downside with 1.0730 & 1.0715 as targets.

 

Comment:

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

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