(16 JULY 2019)EUR/USD:Under pressure.

(16 JULY 2019)EUR/USD:Under pressure.

16 July 2019, 08:47
Jiming Huang
0
323

eu

Pivot (invalidation): 1.1270

Our preference

Short positions below 1.1270 with targets at 1.1250 & 1.1240 in extension.

Alternative scenario

Above 1.1270 look for further upside with 1.1285 & 1.1305 as targets.

Comment

As Long as the resistance at 1.1270 is not surpassed, the risk of the break below 1.1250

remains high. 

(By Swissquote TRADING CENTRAL)