EURUSD - Intraday - We look to Sell at 1.1061 (stop at 1.1091)
Posted mild net daily gains but all trading confined to the previous days range, an indecisive Inside Day. Selling posted in Asia. Bespoke support is located at 1.0952. We have a 78.6% Fibonacci pullback level of 1.0943 from 1.0879 to 1.1180. There is no clear indication that the downward move is coming to an end. Immediate signals are hard to interpret. Further downside is expected although we prefer to set shorts at our bespoke resistance levels at 1.1061, resulting in improved risk/reward.
Our profit targets will be 1.0950 and 1.0940
Resistance: 1.1036 / 1.1050 / 1.1061
Support: 1.1004 / 1.0952 / 1.0943
Posted mild net daily gains but all trading confined to the previous days range, an indecisive Inside Day. Selling posted in Asia. Bespoke support is located at 1.0952. We have a 78.6% Fibonacci pullback level of 1.0943 from 1.0879 to 1.1180. There is no clear indication that the downward move is coming to an end. Immediate signals are hard to interpret. Further downside is expected although we prefer to set shorts at our bespoke resistance levels at 1.1061, resulting in improved risk/reward.
Our profit targets will be 1.0950 and 1.0940
Resistance: 1.1036 / 1.1050 / 1.1061
Support: 1.1004 / 1.0952 / 1.0943
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