EUR/GBP levels: Under pressure

Swissquote Bank Research Team Swissquote Bank Ltd

EUR/GBP

Under pressure.

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Pivot (invalidation): 0.8945

Our preference
Short positions below 0.8945 with targets at 0.8925 & 0.8910 in extension.

Alternative scenario
Above 0.8945 look for further upside with 0.8960 & 0.8980 as targets.

Comment
A break below 0.8925 would trigger a drop towards 0.8910.

EUR/CHF

Key resistance at 1.1360.

Pivot (invalidation): 1.1360

Our preference
Short positions below 1.1360 with targets at 1.1310 & 1.1280 in extension.

Alternative scenario
Above 1.1360 look for further upside with 1.1415 & 1.1450 as targets.

Comment
As Long as the resistance at 1.1360 is not surpassed, the risk of the break below 1.1310 remains high.

Author

Swissquote Bank Research Team

Swissquote Bank Ltd

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