(12 OCTOBER 2018)EUR/USD:Target 1.1650.

Pivot (invalidation): 1.1575

Our preference

Long positions above 1.1575 with targets at 1.1625 & 1.1650 in extension.

Alternative scenario

Below 1.1575 look for further downside with 1.1545 & 1.1515 as targets.

Comment

The RSI is bullish and calls for further upside. The pair is trading within a bullish channel drawn

from the low of October 9.

(By Swissquote TRADING CENTRAL)