(23 AUGUST 2018)EUR/USD:Key resistance at 1.1600.

(23 AUGUST 2018)EUR/USD:Key resistance at 1.1600.

23 August 2018, 09:23
Jiming Huang
0
54

eur

Pivot (invalidation): 1.1600

Our preference

Short positions below 1.1600 with targets at 1.1515 & 1.1490 in extension.

Alternative scenario

Above 1.1600 look for further upside with 1.1640 & 1.1670 as targets.

Comment

The RSI has broken down its 30 level. 

(By Swissquote TRADING CENTRAL) 

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