Monday, 8 May 2017

EUR/USD Intraday 09 May 2017

EUR/USD Intraday: under pressure.
Pivot: 1.0950


Most likely scenario: short positions below 1.0950 with targets at 1.0900 & 1.0880 in extension.



Alternative scenario: above 1.0950 look for further upside with 1.0970 & 1.0995 as targets.



Comment: as long as 1.0950 is resistance, look for choppy price action with a bearish bias.


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