Tanalys

EUR/USD ST: key resistance at 1.11.

Pivot: 1.11

Our preference: short positions below 1.11 with targets @ 1.045 1.019 in extension.

Alternative scenario: above 1.11 look for further upside with 1.1495 1.173 as targets.

Comment: as long as the resistance at 1.11 is not surpassed, the risk of the break below 1.045 remains high.

Supports and resistances:

1.173 ***

1.1495 ***

1.11 ***

1.0994 Last

1.045 ***

1.019 ***

0.985 **

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