Pivot (invalidation): 55.50

Our preference Long positions above 55.50 with targets at 56.80 & 57.30 in extension.

Alternative scenario Below 55.50 look for further downside with 55.00 & 54.70 as targets.

- advertisement -

Comment The RSI calls for a rebound.

Previous articleSilver Spot Turning Up
Next articleEURUSD Decisive Week Ahead
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.

LEAVE A REPLY

Please enter your comment!
Please enter your name here

This site uses Akismet to reduce spam. Learn how your comment data is processed.