(01 JULY 2020)EUR/USD Key resistance at 1.1250.

(01 JULY 2020)EUR/USD Key resistance at 1.1250.

1 July 2020, 09:22
Jiming Huang
0
110

ei
Pivot
 (invalidation): 1.1250
Our preference
Short positions below 1.1250 with targets at 1.1220 & 1.1200 in extension.
Alternative scenario
Above 1.1250 look for further upside with 1.1265 & 1.1275 as targets.
Comment
As Long as the resistance at 1.1250 is not surpassed, the risk of the break below 1.1220
remains high.

(By Swissquote TRADING CENTRAL)