(21 October 2019)EUR/USD Bullish bias above 1.1135.

(21 October 2019)EUR/USD Bullish bias above 1.1135.

21 October 2019, 08:49
Jiming Huang
0
23

eu
Pivot
 (invalidation): 1.1135
Our preference
Long positions above 1.1135 with targets at 1.1180 & 1.1205 in extension.
Alternative scenario
Below 1.1135 look for further downside with 1.1115 & 1.1100 as targets.
Comment
A support base at 1.1135 has formed and has allowed for a temporary stabilisation. The RSI
shows that the pair lacks downward momentum.

(By Swissquote TRADING CENTRAL)

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