(11 August 2020)EUR/USD Key resistance at 1.1765.

(11 August 2020)EUR/USD Key resistance at 1.1765.

11 August 2020, 09:13
Jiming Huang
0
83

eu
Pivot
 (invalidation): 1.1765
Our preference
Short positions below 1.1765 with targets at 1.1720 & 1.1695 in extension.
Alternative scenario
Above 1.1765 look for further upside with 1.1790 & 1.1820 as targets.
Comment
As Long as the resistance at 1.1765 is not surpassed, the risk of the break below 1.1720
remains high.

(By Swissquote TRADING CENTRAL)