EUR/USD intraday: The downside prevails
EUR/USD: The downside prevails
Stay on top of the markets with Swissquote’s News & Analysis
Pivot (invalidation): 1.1370
Our preference
Short positions below 1.1370 with targets at 1.1320 & 1.1300 in extension.
Alternative scenario
Above 1.1370 look for further upside with 1.1390 & 1.1410 as targets.
Comment
As Long as the resistance at 1.1370 is not surpassed, the risk of the break below 1.1320 remains high.
GBP/USD: Watch 1.2505
Pivot (invalidation): 1.2575
Our preference
Short positions below 1.2575 with targets at 1.2530 & 1.2505 in extension.
Alternative scenario
Above 1.2575 look for further upside with 1.2590 & 1.2610 as targets.
Comment
A break below 1.2530 would trigger a drop towards 1.2505.
USD/JPY: Turning down
Pivot (invalidation): 107.35
Our preference
Short positions below 107.35 with targets at 107.05 & 106.90 in extension.
Alternative scenario
Above 107.35 look for further upside with 107.50 & 107.60 as targets.
Comment
The RSI calls for a new downleg.
Reprinted from FXStreet,the copyright all reserved by the original author.
Disclaimer: The content above represents only the views of the author or guest. It does not represent any views or positions of FOLLOWME and does not mean that FOLLOWME agrees with its statement or description, nor does it constitute any investment advice. For all actions taken by visitors based on information provided by the FOLLOWME community, the community does not assume any form of liability unless otherwise expressly promised in writing.
FOLLOWME Trading Community Website: https://www.followme.com
Hot
-THE END-