Market Analysis of EURUSD on Monday 11 December 2023

2023-12-11 10:57Source:BtcDana

EUR/USD Intraday: key resistance at 1.0785.

 

Pivot:

1.0785

 

Our preference:

Short positions below 1.0785 with targets at 1.0740 & 1.0725 in extension.

 

Alternative scenario:

Above 1.0785 look for further upside with 1.0800 & 1.0815 as targets.

 

Comment:

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

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