EUR/USD Intraday: the downside prevails.
Pivot:
0.9900
Our preference:
Short positions below 0.9900 with targets at 0.9850 & 0.9830 in extension.
Alternative scenario:
Above 0.9900 look for further upside with 0.9920 & 0.9940 as targets.
Comment:
As long as the resistance at 0.9900 is not surpassed, the risk of the break below 0.9850 remains high.
This material is from Trading Central and is being posted with permission from Trading Central. The views expressed in this material are solely those of the author and/or Trading Central and BTCDana & Forexdana is not endorsing or recommending any investment or trading discussed in the material. Before acting on this material, you should consider whether it is suitable for your circumstances and as necessary, seek professional advice.