(29 MARCH 2019)EUR/USD:Capped by a negative trend line.

(29 MARCH 2019)EUR/USD:Capped by a negative trend line.

29 March 2019, 08:45
Jiming Huang
0
50

eur

Pivot (invalidation): 1.1240

Our preference

Short positions below 1.1240 with targets at 1.1210 & 1.1195 in extension.

Alternative scenario

Above 1.1240 look for further upside with 1.1260 & 1.1285 as targets.

Comment

The RSI lacks upward momentum.

(By Swissquote TRADING CENTRAL)


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