(12 MAY 2020)EUR/USD Key resistance at 1.0815.

(12 MAY 2020)EUR/USD Key resistance at 1.0815.

12 May 2020, 13:31
Jiming Huang
0
80

ru
Pivot
 (invalidation): 1.0815
Our preference
Short positions below 1.0815 with targets at 1.0785 & 1.0765 in extension.
Alternative scenario
Above 1.0815 look for further upside with 1.0835 & 1.0850 as targets.
Comment
Even though a continuation of the technical rebound cannot be ruled out, its extent should be
limited.

(By Swissquote TRADING CENTRAL)

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