(05 August 2020)EUR/USD 1.1860 expected.

(05 August 2020)EUR/USD 1.1860 expected.

5 August 2020, 09:11
Jiming Huang
0
57

eu
Pivot
 (invalidation): 1.1780
Our preference
Long positions above 1.1780 with targets at 1.1820 & 1.1860 in extension.
Alternative scenario
Below 1.1780 look for further downside with 1.1750 & 1.1720 as targets.
Comment
The RSI lacks downward momentum.

(By Swissquote TRADING CENTRAL)

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