(22 MAY 2020)EUR/USD The downside prevails.

(22 MAY 2020)EUR/USD The downside prevails.

22 May 2020, 13:34
Jiming Huang
0
40

eu
Pivot
 (invalidation): 1.0970
Our preference
Short positions below 1.0970 with targets at 1.0915 & 1.0900 in extension.
Alternative scenario
Above 1.0970 look for further upside with 1.1005 & 1.1030 as targets.
Comment
The RSI is bearish and calls for further downside.

(By Swissquote TRADING CENTRAL)

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