Pivot (invalidation): 1.2940

Our preference Long positions above 1.2940 with targets at 1.2970 & 1.2985 in extension.

Alternative scenario Below 1.2940 look for further downside with 1.2920 & 1.2900 as targets.

- advertisement -

Comment A support base at 1.2940 has formed and has allowed for a temporary stabilisation.

Previous articleEUR/USD Rebound Expected
Next articleUSD/JPY Towards 108.35
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.


Please enter your comment!
Please enter your name here

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