(16 OCTOBER 2018)EUR/USD:Limited upside.

(16 OCTOBER 2018)EUR/USD:Limited upside.

16 October 2018, 09:53
Jiming Huang
0
16

eur

Pivot (invalidation): 1.1565

Our preference

Long positions above 1.1565 with targets at 1.1595 & 1.1610 in extension.

Alternative scenario

Below 1.1565 look for further downside with 1.1540 & 1.1515 as targets.

Comment

A support base at 1.1565 has formed and has allowed for a temporary stabilisation.

(By Swissquote TRADING CENTRAL)

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