(10 AUGUST 2018)EUR/USD:Under pressure.

(10 AUGUST 2018)EUR/USD:Under pressure.

10 August 2018, 09:26
Jiming Huang
0
39

eur

Pivot (invalidation): 1.1550

Our preference

Short positions below 1.1550 with targets at 1.1510 & 1.1490 in extension.

Alternative scenario

Above 1.1550 look for further upside with 1.1575 & 1.1600 as targets.

Comment

As Long as 1.1550 is resistance, look for choppy price action with a bearish bias.

(By Swissquote TRADING CENTRAL) 

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