Please note that due to market volatility, some of the below sight prices may have already been reached and scenarios played out.
EUR/USD intraday: further advance.
Pivot: 1.3565.
Our preference: LONG positions @ 1.3575 with 1.3635 & 1.367 as next targets.
Alternative scenario: The downside breakout of 1.3565 will open the way to 1.3525 & 1.3475.
Comment: the pair has broken above its resistance and remains supported by a rising trend line, the RSI is well directed but is approaching its overbought area.
Our preference: LONG positions @ 1.5825 with 1.589 & 1.5915 in sight.
Alternative scenario: The downside penetration of 1.5815 will call for 1.577 & 1.5725.
Comment: the pair remains on the upside and is approaching its next intermediary resistance, the RSI stands above its neutral area and remains well directed.
Our preference: Long @ 124.05 with targets @ 125.85 & 126.5 in extension.
Alternative scenario: Below 123.95 look for further downside with 122.95 & 122.5 as targets.
Comment: the pair has validated a bullish flag and remains on the upside but the RSI stands within the overbought area, a pull back should not be ruled out.
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