EUR/USD Intraday: capped by a negative trend line

Swissquote Bank Research Team Swissquote Bank Ltd

EUR/USD

Capped by a negative trend line

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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.

GBP/USD

Towards 1.2060

Pivot (invalidation): 1.2100

Our preference
Short positions below 1.2100 with targets at 1.2075 & 1.2060 in extension.

Alternative scenario
Above 1.2100 look for further upside with 1.2120 & 1.2135 as targets.

Comment
The RSI advocates for further decline.

USD/JPY

Aim @ 106.60

Pivot (invalidation): 105.90

Our preference
Long positions above 105.90 with targets at 106.35 & 106.60 in extension.

Alternative scenario
Below 105.90 look for further downside with 105.70 & 105.50 as targets.

Comment
The RSI is bullish and calls for further upside.

Author

Swissquote Bank Research Team

Swissquote Bank Ltd

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