(16 October 2019)EUR/USD Turning down.

(16 October 2019)EUR/USD Turning down.

16 October 2019, 09:07
Jiming Huang
0
31

eu
Pivot
 (invalidation): 1.1040
Our preference
Short positions below 1.1040 with targets at 1.1015 & 1.1000 in extension.
Alternative scenario
Above 1.1040 look for further upside with 1.1050 & 1.1065 as targets.
Comment
The RSI lacks upward momentum. The pair has repeatedly failed to close above the level of
1.1040, which has become a key resistance.

(By Swissquote TRADING CENTRAL)

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