(04 August 2020)EUR/USD Continuation of the rebound.

(04 August 2020)EUR/USD Continuation of the rebound.

4 August 2020, 08:55
Jiming Huang
0
91

eu
Pivot
 (invalidation): 1.1735
Our preference
Long positions above 1.1735 with targets at 1.1780 & 1.1805 in extension.
Alternative scenario
Below 1.1735 look for further downside with 1.1695 & 1.1660 as targets.
Comment
Technically the RSI is above its neutrality area at 50.

(By Swissquote TRADING CENTRAL)

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