8082421 11/7/2017 2:39 PM, EUR/USD Intraday: the downside prevails.


Pivot: 1.1620


Our preference:

short positions below 1.1620 with targets at 1.1580 & 1.1560 in extension.


Alternative scenario:

above 1.1620 look for further upside with 1.1640 & 1.1665 as targets.


Comment:

as long as 1.1620 is resistance, look for choppy price action with a bearish bias.


Supports and resistances:


1.1665 **

1.1640 **

1.1620 ***


1.1589

Last

1.1580 *

1.1560 *

1.1530 **