(07 MAY 2020)EUR/USD Key resistance at 1.0820.

(07 MAY 2020)EUR/USD Key resistance at 1.0820.

7 May 2020, 08:51
Jiming Huang
0
82

eu
Pivot
 (invalidation): 1.0820
Our preference
Short positions below 1.0820 with targets at 1.0780 & 1.0760 in extension.
Alternative scenario
Above 1.0820 look for further upside with 1.0840 & 1.0860 as targets.
Comment
As Long as the resistance at 1.0820 is not surpassed, the risk of the break below 1.0780
remains high.

(By Swissquote TRADING CENTRAL)