Market Analysis of EURUSD on Friday 12 May 2023

2023-05-11 16:33Fonte:BtcDana

EUR/USD Intraday: the downside prevails.

 

Pivot:

1.0940

 

Our preference:

Short positions below 1.0940 with targets at 1.0895 & 1.0875 in extension.

 

Alternative scenario:

Above 1.0940 look for further upside with 1.0960 & 1.0980 as targets.

 

Comment:

Technically the RSI is below its neutrality area at 50.

https://asset.onetrader.online/upload/file/1683820800000/1683858887843.gif

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