EUR/USD Intraday: key resistance at 1.1020
|EUR/USD
Key resistance at 1.1020
Stay on top of the markets with Swissquote’s News & Analysis
Pivot (invalidation): 1.1020
Our preference
Short positions below 1.1020 with targets at 1.1000 & 1.0985 in extension.
Alternative scenario
Above 1.1020 look for further upside with 1.1035 & 1.1055 as targets.
Comment
The upward potential is likely to be limited by the resistance at 1.1020.
GBP/USD
Watch 1.2290
Pivot (invalidation): 1.2350
Our preference
Short positions below 1.2350 with targets at 1.2310 & 1.2290 in extension.
Alternative scenario
Above 1.2350 look for further upside with 1.2375 & 1.2400 as targets.
Comment
As Long as the resistance at 1.2350 is not surpassed, the risk of the break below 1.2310 remains high.
USD/JPY
Watch 108.50
Pivot (invalidation): 107.80
Our preference
Long positions above 107.80 with targets at 108.25 & 108.50 in extension.
Alternative scenario
Below 107.80 look for further downside with 107.65 & 107.45 as targets.
Comment
The RSI calls for a new upleg.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.