(07 AUGUST 2018)EUR/USD:Key resistance at 1.1570.

(07 AUGUST 2018)EUR/USD:Key resistance at 1.1570.

7 August 2018, 14:58
Jiming Huang
0
52

eur

Pivot (invalidation): 1.1570

Our preference

Short positions below 1.1570 with targets at 1.1545 & 1.1530 in extension.

Alternative scenario

Above 1.1570 look for further upside with 1.1590 & 1.1610 as targets.

Comment

The upward potential is likely to be limited by the resistance at 1.1570.

(By Swissquote TRADING CENTRAL) 

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