EUR/USD intraday: rebound.
Update on supports and resistances.
Pivot: 1.2205.
Our Preference: LONG positions @ 1.2215 with 1.2265 & 1.2295 as next targets.
Alternative scenario: The downside breakout of 1.2205 will open the
way to 1.2165 & 1.215.
Comment: the pair has broken above a MT declining trend line and
remains on the upside.
Trend: ST Ltd Downside; MT Range
Key levels Comment
1.2325*** Intraday resistance
1.2295** Intraday resistance
1.2265*** Intraday resistance
1.2235 Last
1.2205** Intraday pivot point
1.2165** Intraday support
1.215** Intraday support
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