(12 SEPTEMBER 2018)EUR/USD:Limited upside.

Pivot (invalidation): 1.1575

Our preference

Long positions above 1.1575 with targets at 1.1605 & 1.1620 in extension.

Alternative scenario

Below 1.1575 look for further downside with 1.1555 & 1.1525 as targets.

Comment

Even though a continuation of the consolidation cannot be ruled out, its extent should be

limited.

(By Swissquote TRADING CENTRAL)