(18 MAY 2020)EUR/USD Bullish bias above 1.0805.

(18 MAY 2020)EUR/USD Bullish bias above 1.0805.

18 May 2020, 08:56
Jiming Huang
0
110

eu
Pivot
 (invalidation): 1.0805
Our preference
Long positions above 1.0805 with targets at 1.0835 & 1.0850 in extension.
Alternative scenario
Below 1.0805 look for further downside with 1.0790 & 1.0775 as targets.
Comment
A support base at 1.0805 has formed and has allowed for a temporary stabilisation.

(By Swissquote TRADING CENTRAL)

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