(31 JULY 2019)EUR/USD:Supported by a rising trend line.

(31 JULY 2019)EUR/USD:Supported by a rising trend line.

31 July 2019, 08:47
Jiming Huang
0
73

eu

Pivot (invalidation): 1.1145

Our preference

Long positions above 1.1145 with targets at 1.1165 & 1.1180 in extension.

Alternative scenario

Below 1.1145 look for further downside with 1.1130 & 1.1110 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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