(05 February 2020)EUR/USD Capped by a negative trend line.

(05 February 2020)EUR/USD Capped by a negative trend line.

5 February 2020, 08:54
Jiming Huang
0
73

eu
Pivot
 (invalidation): 1.1045
Our preference
Short positions below 1.1045 with targets at 1.1030 & 1.1010 in extension.
Alternative scenario
Above 1.1045 look for further upside with 1.1055 & 1.1065 as targets.
Comment
The RSI is bearish and calls for further downside.

(By Swissquote TRADING CENTRAL)