EURUSD - Intraday - We look to Sell at 1.2164 (stop at 1.2185)
Broken out of the wedge to the downside.
Pivot resistance is at 1.2181.
Bespoke resistance is located at 1.2160.
We look for a temporary move higher.
Early optimism is likely to lead to gains although extended attempts higher are expected to fail.
20 4hour EMA is at 1.2169.
Our profit targets will be 1.2106 and 1.2086
Resistance: 1.2130 / 1.2160 / 1.2180
Support: 1.2100 / 1.2080 / 1.2060
Broken out of the wedge to the downside.
Pivot resistance is at 1.2181.
Bespoke resistance is located at 1.2160.
We look for a temporary move higher.
Early optimism is likely to lead to gains although extended attempts higher are expected to fail.
20 4hour EMA is at 1.2169.
Our profit targets will be 1.2106 and 1.2086
Resistance: 1.2130 / 1.2160 / 1.2180
Support: 1.2100 / 1.2080 / 1.2060
