(16 AUGUST 2019)EUR/USD:Capped by a negative trend line.

(16 AUGUST 2019)EUR/USD:Capped by a negative trend line.

16 August 2019, 08:49
Jiming Huang
0
74
eu

Pivot
 (invalidation): 1.1115
Our preference
Short positions below 1.1115 with targets at 1.1090 & 1.1075 in extension.
Alternative scenario
Above 1.1115 look for further upside with 1.1130 & 1.1155 as targets.
Comment
A break below 1.1090 would trigger a drop towards 1.1075.

(By Swissquote TRADING CENTRAL)