(11 October 2019)EUR/USD Rebound expected.

(11 October 2019)EUR/USD Rebound expected.

11 October 2019, 08:57
Jiming Huang
0
27

eu
Pivot
 (invalidation): 1.1000
Our preference
Long positions above 1.1000 with targets at 1.1035 & 1.1055 in extension.
Alternative scenario
Below 1.1000 look for further downside with 1.0985 & 1.0970 as targets.
Comment
A support base at 1.1000 has formed and has allowed for a temporary stabilisation. The pair
has swung back to the upper Bollinger band after locating a key support at 1.1000

(By Swissquote TRADING CENTRAL)

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