EUR/USD’s decline today suggests that recovery from 1.1235 has completed at 1.1515 already. Intraday bias is cautiously back on the downside for 1.1335 support first. Decisive break there will complete a head and shoulder term pattern (ls: 1.1400, h: 1.1420, rs: 1.1410). That should confirm completion of rebound from 1.1235. Further decline should be seen to 78.6% retracement of 1.1235 to 1.1515 at 1.1300 next. On the upside, though, break of 1.1375 will turn focus back to 1.1420 resistance instead.
The target is 1.1375. Turning point: 1.1300. Under 1.1375, bearish , target price is set at 1.1335, then 1.1300. Above 1.1375, bullish , target price is 1.1410,then 1.1420.
Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.