(27 JULY 2018)EUR/USD:Key resistance at 1.1670

(27 JULY 2018)EUR/USD:Key resistance at 1.1670

27 July 2018, 09:42
Jiming Huang
0
53

eur

Pivot (invalidation): 1.1670

Our preference

Short positions below 1.1670 with targets at 1.1625 & 1.1600 in extension.

Alternative scenario

Above 1.1670 look for further upside with 1.1705 & 1.1730 as targets.

Comment

As Long as the resistance at 1.1670 is not surpassed, the risk of the break below 1.1625

remains high. 

(By Swissquote TRADING CENTRAL)