(16 April 2020)EUR/USD The downside prevails.

(16 April 2020)EUR/USD The downside prevails.

16 April 2020, 08:48
Jiming Huang
0
78

eu
Pivot
 (invalidation): 1.0910
Our preference
Short positions below 1.0910 with targets at 1.0855 & 1.0840 in extension.
Alternative scenario
Above 1.0910 look for further upside with 1.0935 & 1.0955 as targets.
Comment
As Long as the resistance at 1.0910 is not surpassed, the risk of the break below 1.0855
remains high.

(By Swissquote TRADING CENTRAL)