(13 MAY 2019)EUR/USD:Limited upside.

(13 MAY 2019)EUR/USD:Limited upside.

13 May 2019, 09:12
Jiming Huang
0
18

eu

Pivot (invalidation): 1.1225

Our preference

Long positions above 1.1225 with targets at 1.1240 & 1.1255 in extension.

Alternative scenario

Below 1.1225 look for further downside with 1.1210 & 1.1190 as targets.

Comment

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

limited.

(By Swissquote TRADING CENTRAL)

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