Tanalys

EUR/USD intraday: key ST resistance at 1.289

Pivot: 1.2890.

Our preference: SHORT positions below 1.289 with 1.279 1.2745 as next targets.

Alternative scenario: The upside penetration of 1.289 will call for a rebound towards 1.293 1.2995.

Comment: as long as 1.289 is resistance, look for choppy price action with a bearish bias.

Trend: ST Ltd Downside; MT Range

Key levels Comment

1.2995*** Fib retracement (50%)

1.293** Intraday resistance

1.289*** Intraday pivot point

1.286 Last

1.279* Intraday support

1.2745** Intraday support

1.2695** Fib projection

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