(18 October 2019)EUR/USD 1.1100 expected.

(18 October 2019)EUR/USD 1.1100 expected.

18 October 2019, 08:51
Jiming Huang
0
34

eu
Pivot
 (invalidation): 1.1065
Our preference
Long positions above 1.1065 with targets at 1.1085 & 1.1100 in extension.
Alternative scenario
Below 1.1065 look for further downside with 1.1050 & 1.1035 as targets.
Comment
Even though a continuation of the consolidation cannot be ruled out, its extent should be
limited. The pair keeps challenging the overhead resistance at 1.1085

(By Swissquote TRADING CENTRAL)

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