Intraday Trading StrategiesMarketTrading Strategies

EUR/USD Intraday Trading Strategies 16 May 2024

Trading Strategies : EUR/USD

Pivot

1.0690

Our preference

Long positions above 1.0690 with targets at 1.1015 & 1.1140 in extension.

Alternative scenario

Below 1.0690 look for further downside with 1.0600 & 1.0515 as targets.

Comment

The RSI shows upside momentum.

Supports and resistances

1.1270

1.1140

1.1015

1.0833 Last

1.0690

1.0600

1.0515

What's your reaction?

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