Wednesday, 3 May 2017

EUR/USD Intraday 04 May 2017

EUR/USD Intraday: key resistance at 1.0910.
Pivot: 1.0910


Most likely scenario: short positions below 1.0910 with targets at 1.0880 & 1.0860 in extension.



Alternative scenario: above 1.0910 look for further upside with 1.0925 & 1.0940 as targets.



Comment: even though a continuation of the technical rebound cannot be ruled out, its extent should be limited.

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