Contributors Technical Analysis EUR/USD Under Pressure

EUR/USD Under Pressure

Pivot (invalidation): 1.1220

Our preference Short positions below 1.1220 with targets at 1.1185 & 1.1175 in extension.

Alternative scenario Above 1.1220 look for further upside with 1.1240 & 1.1260 as targets.

Comment As Long as the resistance at 1.1220 is not surpassed, the risk of the break below 1.1185 remains high.

Previous articleAUD/USD Prepares For Downtrend Once Wave-4 Breaks
Next articleGBP/USD Key Resistance At 1.3075
Trading foreign exchange, spot precious metals and any other product on the Forex platform involves significant risk of loss and may not be suitable for all investors. Prior to opening an account with Swissquote, consider your level of experience, investment objectives, assets, income and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not speculate, invest or hedge with capital you cannot afford to lose, that is borrowed or urgently needed or necessary for personal or family subsistence. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts.

NO COMMENTS

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Exit mobile version