Tanalys

EUR/USD intraday: key ST resistance at 1.305

Pivot: 1.3050.

Our preference: SHORT positions below 1.305 with 1.2995 1.297 as next targets.

Alternative scenario: The upside penetration of 1.305 will call for 1.3085 1.313.

Comment: the pair is posting a rebound but stands below its new resistance, the RSI lacks upward momentum.

Trend: ST Ltd Downside; MT Range

Key levels Comment

1.313*** Horizontal resistance

1.3085** Horizontal resistance

1.305*** Intraday pivot point

1.3037 Last

1.2995*** Intraday support

1.297** Intraday support

1.2945** Intraday support

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