Contributors Technical Analysis EUR/USD The Upside Prevails

EUR/USD The Upside Prevails

Pivot (invalidation): 1.1275

Our preference Long positions above 1.1275 with targets at 1.1365 & 1.1395 in extension.

Alternative scenario Below 1.1275 look for further downside with 1.1245 & 1.1215 as targets.

Comment The RSI calls for a new upleg.

Previous articleUSD/CHF Daily Outlook
Next articleGBP/USD Under Pressure
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