Thu, Apr 25, 2024 @ 22:51 GMT
Facebook Mail RSS Twitter
HomeContributorsTechnical AnalysisEUR/USD Key Resistance At 1.0800

EUR/USD Key Resistance At 1.0800

Swissquote Bank SA
By Swissquote Bank SA

Pivot (invalidation): 1.0800

Our preference Short positions below 1.0800 with targets at 1.0780 & 1.0770 in extension.

Alternative scenario Above 1.0800 look for further upside with 1.0810 & 1.0820 as targets.

Comment As Long as the resistance at 1.0800 is not surpassed, the risk of the break below 1.0780 remains high.

Swissquote Bank SA
Swissquote Bank SAhttp://en.swissquote.com/fx
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.

Featured Analysis

Load more

Learn Forex Trading

ActionForex.com was set up back in 2004 with the aim to provide insightful analysis to forex traders, serving the trading community for over a decade. Empowering the individual traders was, is, and will always be our motto going forward.

Contact us: contact@actionforex.com

© ActionForex.com © 2024 All rights reserved.