Market Daily Update 12 May 2023
EUR/USD Intraday: key resistance at 1.0940. Pivot: 1.0940 Our preference: Short positions below 1.0940 with targets at 1.0895 & 1.0875 in extension. Alternative scenario: Above 1.0940 look for further upside with 1.0960 & 1.0980 as targets. Comment: As long as 1.0940 is resistance, look for choppy price action with a bearish bias. USD/JPY Intraday: the upside prevails. […]
