Pivot (invalidation): 0.9950

Our preference Short positions below 0.9950 with targets at 0.9930 & 0.9915 in extension.

Alternative scenario Above 0.9950 look for further upside with 0.9960 & 0.9970 as targets.

- advertisement -

Comment As Long as the resistance at 0.9950 is not surpassed, the risk of the break below 0.9930 remains high.

Previous articleS&P 500 Bullish Bias Above 3020.00
Next articleUSD/CAD The Upside Prevails
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.