EURUSD - Intraday - We look to Sell at 1.1100 (stop at 1.1135)
4 negative daily performances in succession. Selling posted in Asia. Previous support located at 1.1027. There is no clear indication that the downward move is coming to an end. The 261.8% Fibonacci extension is located at 1.0981 from 1.1164 to 1.1094. Risk/Reward would be poor to call a sell from current levels.
Our profit targets will be 1.0990 and 1.0950
Resistance: 1.1080 / 1.1100 / 1.1179
Support: 1.1027 / 1.0981 / 1.0950
4 negative daily performances in succession. Selling posted in Asia. Previous support located at 1.1027. There is no clear indication that the downward move is coming to an end. The 261.8% Fibonacci extension is located at 1.0981 from 1.1164 to 1.1094. Risk/Reward would be poor to call a sell from current levels.
Our profit targets will be 1.0990 and 1.0950
Resistance: 1.1080 / 1.1100 / 1.1179
Support: 1.1027 / 1.0981 / 1.0950
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