(11 DECEMBER 2018)EUR/USD:Key resistance at 1.1380.

Pivot (invalidation): 1.1380

Our preference

Short positions below 1.1380 with targets at 1.1350 & 1.1335 in extension.

Alternative scenario

Above 1.1380 look for further upside with 1.1400 & 1.1425 as targets.

Comment

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

limited.

(By Swissquote TRADING CENTRAL)