(29 AUGUST 2019)EUR/USD Capped by a negative trend line.

(29 AUGUST 2019)EUR/USD Capped by a negative trend line.

29 August 2019, 08:54
Jiming Huang
0
49

eu
Pivot
 (invalidation): 1.1095
Our preference
Short positions below 1.1095 with targets at 1.1070 & 1.1050 in extension.
Alternative scenario
Above 1.1095 look for further upside with 1.1115 & 1.1135 as targets.
Comment
As Long as the resistance at 1.1095 is not surpassed, the risk of the break below 1.1070
remains high.

(By Swissquote TRADING CENTRAL)