(25 OCTOBER 2018)EUR/USD:Key resistance at 1.1425.

(25 OCTOBER 2018)EUR/USD:Key resistance at 1.1425.

25 October 2018, 09:10
Jiming Huang
0
68

eur

Pivot (invalidation): 1.1425

Our preference

Short positions below 1.1425 with targets at 1.1380 & 1.1360 in extension.

Alternative scenario

Above 1.1425 look for further upside with 1.1450 & 1.1475 as targets.

Comment

The upward potential is likely to be limited by the resistance at 1.1425.

(By Swissquote TRADING CENTRAL) 

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