(16 MAY 2019)EUR/USD:Bullish bias above 1.1195.

(16 MAY 2019)EUR/USD:Bullish bias above 1.1195.

16 May 2019, 09:24
Jiming Huang
0
17

eu

Pivot (invalidation): 1.1195

Our preference

Long positions above 1.1195 with targets at 1.1225 & 1.1245 in extension.

Alternative scenario

Below 1.1195 look for further downside with 1.1180 & 1.1165 as targets.

Comment

The RSI has just landed on its neutrality area at 50% and is turning up.

(By Swissquote TRADING CENTRAL)

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